Andy Hoffman's views were originally similar to Peter Schiff's. The point of the article is that his views, like mine, have totally changed, so much so that he can no longer write the precious metals newsletter. That is truly amazing.

As to utility value, Peter Schiff is right that utility value is important. But the crypto currencies have an amazing future utility value, as a private secure money. Here is a speech I attended by Peter Schiff in January.