Peter Schiff: The Fiat Currency Crisis Will Include Bitcoin And The Cryptocurrenies

Peter says that once the fiat currency crisis takes hold, there will be an exodus from cryptocurrency and into gold and silver…

Peter Schiff interviewed on Gold Seek Radio

Peter Schiff begins the discussion on Bitcoin. Peter does not think that the rise in the price of Bitcoin is due to flight from the dollar or fiat currencies in general, but rather, it’s due to a speculative mania. Specifically, people want to use their fiat for something going up in price, to then exchange it for more fiat after the price rises.

Aside from the spirited debate on cryptocurrency, there is fundamental discussion of gold and silver, as well as a status update on President Trump’s campaign promises versus his presidential actions.