Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
In an exclusive interview with Cointelegraph, veteran economist and gold advocate Peter Schiff issued one of his most dire warnings about the future of Bitcoin, and the powerful forces he believes have inflated it.
Schiff argues that the latest Bitcoin (BTC) the bull market is not organic, but rather sustained by political influence in Washington, DC and the interest of Wall Street. Although he has been proven wrong many times in the past, Schiff is doubling down on his claim that Bitcoin is a “bubble” and will eventually “go to zero.”
The economist challenges the mainstream narrative that Bitcoin protects investors from inflation or the weakness of the dollar, warning instead that the same institutions Bitcoin was meant to disrupt are now the ones that keep it alive.
That support, Schiff suggests, may disappear soon.
Is the rise of Bitcoin the result of political influence and therefore destined to collapse? And could gold regain its role as a true store of value in a time of financial instability?
Watch the full exclusive interview on Cointelegraph’s YouTube channel to hear Peter Schiff’s unfiltered take on Bitcoin, gold, and why he believes the “Bitcoin bubble” is nearing its end.
Related: Bitcoin falls below $101K: Analysts say BTC is ‘underpriced’ based on fundamentals
