David Lin: This is Peak of the Mania, Big Bubble to Burst as Dollar Fails

In a recent interview with David Lin, Peter Schiff, Chief Economist & Global Strategist at Euro Pacific Asset Management, doubled down on his long-held bearish stance on Bitcoin, arguing that the cryptocurrency is experiencing “peak mania” and is poised to burst in a spectacular fashion. Schiff also predicted the demise of the US dollar, emphasizing gold’s enduring value as a safe haven asset. Schiff drew parallels between the current Bitcoin frenzy and the mortgage crisis of the 2000s, suggesting that both are fueled by speculative bubbles based on faulty premises. He argued that Bitcoin’s purported value proposition as a decentralized…