@stauffelbaker @stackthosesats @APompliano You missed the point. The people who sell Bitcoin get the wealth of the people who buy it. So instead of wealth being transferred to people who buy Bitcoin, it’s transferred to people who sell it. Bitcoin owners will be broker, as those who sold it to them got their wealth.

by Peter Schiff
@stauffelbaker @stackthosesats @APompliano You missed the point. The people who sell Bitcoin get the wealth of the people who buy it. So instead of wealth being transferred to people who buy Bitcoin, it’s transferred to people who sell it. Bitcoin owners will be broker, as those who sold it to them got their wealth.

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Bitcoin (BTC) $ 27,184.28 2.90%
Ethereum (ETH) $ 1,713.84 3.43%
Litecoin (LTC) $ 88.78 5.46%
Bitcoin Cash (BCH) $ 119.71 3.82%