Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of […]
Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […]
Economist and gold advocate Peter Schiff has warned investors that a sharp drop in bitcoin’s price could trigger mass bitcoin exchange-traded fund (ETF) liquidations. “If so, brace for a Crypto Black Monday,” he cautioned. He believes that bitcoin has been in a major bear market for almost three years. Peter Schiff Warns of Sharp Decline […]
Speculation is growing that the Biden administration will sell all its seized bitcoin holdings after former President Donald Trump pledged to ensure the U.S. government keeps all of its bitcoins if re-elected. Economist and gold advocate Peter Schiff believes the Biden administration will sell every bitcoin before Trump takes office. The transfer of $ …
Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as Trump supports a weaker dollar, which he believes will boost American exports and create jobs. In […]