Peter Schiff on Why Gold Will Replace Dollar, Coming Bond Market Chaos and Bitcoin vs. Gold

In this episode of Coin Stories, Natalie Brunell interviews Peter Schiff, a well-known economist and gold advocate, ahead of their appearance at a Bitcoin conference. Schiff expresses his skepticism about Bitcoin, likening it to gambling and criticizing its lack of intrinsic value compared to assets like real estate. He shares his macro outlook, predicting increased debt and deficits despite legislative efforts, and discusses the potential for a dollar crisis as other countries move towards trading outside the U.S. and accumulating gold. Schiff argues that government spending and regulations are weighing down the economy, and that tax cuts without spending cuts will lead to inflation, ultimately harming the working class. He anticipates a return to quantitative easing (QE) when the bond market falters, but believes it will exacerbate inflation and devalue the dollar. While Brunell defends Bitcoin's potential as a neutral reserve asset, Schiff remains critical, viewing it as a speculative meme coin and questioning why central banks are choosing gold over Bitcoin.