Economist Peter Schiff warned that the US dollar is nearing the end of its role as the world’s primary reserve currency and called on investors to sell Bitcoin in favor of silver.
In recent public comments, Schiff argued that central banks are preparing for a new monetary order centered on gold rather than the dollar. According to his view, this shift would lead to a sharp devaluation of the US currency and weaken the country’s ability to finance deficits through its privileged position in global markets. He described the move toward gold as a practical response to rising geopolitical tensions, expanding debt levels, and declining confidence in US fiscal policy.
Schiff rejected comparisons between Bitcoin and gold, stating that Bitcoin has failed to act as a reliable hedge during periods when technology stocks rally or when traditional safe havens such as gold and silver rise. He said the recent Bitcoin price recovery should be treated as an opportunity to exit positions rather than the start of a new bull market.
Source: Statements by Peter Schiff
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
