Bitcoin’s Performance vs. Gold, Crypto Industry’s Political Spending, Telegram’s Reliance on Cryptocurrency, and the Crypto Bill’s Passage

Peter Schiff highlights Bitcoin's underwhelming performance against gold in the past 6 months. Paul Krugman questions the cryptocurrency industry's worth due to massive political spending. Financial Times reveals Telegram's heavy reliance on cryptocurrency. The chances of the crypto bill passing in 2024 are discussed. Stay informed about the dynamics between Bitcoin and gold, the intersection of cryptocurrency and politics, Telegram's financial state, and the progress of crypto legislation.

Sources:
https://www.benzinga.com/markets/cryptocurrency/24/09/40670704/peter-schiff-highlights-bitcoins-underwhelming-performance-against-gold-in-the-past-6-mont
https://www.benzinga.com/markets/cryptocurrency/24/09/40671174/paul-krugman-startled-by-massive-crypto-spending-in-current-election-cycle-questions-indus
https://www.cryptoglobe.com/latest/2024/09/ft-report-reveals-telegrams-heavy-reliance-on-cryptocurrency-amid-durovs-legal-trouble/
https://www.pymnts.com/cryptocurrency/2024/crypto-bill-passage-would-be-long-shot-for-2024/

Outline:
(00:00:00) Introduction
(00:00:52) Peter Schiff Highlights Bitcoin's Underwhelming Performance Against Gold In The Past 6 Months: 'The Momentum Has Flipped'
(00:02:52) Paul Krugman Startled By Massive Crypto Spending In Current Election Cycle, Questions Industry's Worth: 'Destroys Value Rather Than Creates It'
(00:05:21) Financial Times: “Cryptocurrency Matters As Much to Telegram’s Bottom Line As Messaging”
(00:09:18) Crypto Bill Passage Would Be Long Shot for 2024