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Peter Schiff talks gold, calls Bitcoin 'a pure Ponzi' schemePeter David Schiff is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada (formerly Euro. This is precisely the reason why Peter doesn't believe in cryptocurrency. It's not backed by anything other than people buying it, which undermines its value. Bitcoin critic Peter Schiff recently engaged in a thought-provoking discussion about Bitcoin's value relative to gold.