Renowned economist Peter Schiff warns of an impending dollar crisis that could crush Bitcoin’s value while promoting gold and silver as reliable investments. Schiff predicts the crisis will affect the stock market, real estate bonds, and cryptocurrencies like Bitcoin.

Schiff compares the surge in gold and silver to the subprime loans that led to the 2008 financial crisis. He dismisses the “Digital Gold” narrative for Bitcoin and emphasizes the potential for gold and silver to skyrocket as a safe investment option.

Schiff’s prediction comes amid the U.S. national debt exceeding $38 trillion, with interest surpassing annual defense spending. Additionally, dollar-denominated assets have been hit, with the U.S. Dollar Index falling over 10% in 2025, marking its worst year in almost a decade.

In 2025, Bitcoin fell by 7.31%, while gold surged over 60%. The U.S. Dollar Index dropped by 10.23%. Schiff’s warning highlights the need to diversify investments and consider alternative assets like gold, silver, and other safe havens amid economic uncertainty.

Read more at Yahoo Finance: ‘Not A Positive For Bitcoin’