👑 Mar 20, 2023: Finbold > As the United States continues to battle rising inflation, Schiff warned that the dollar risks being devalued similarly to currencies in countries such as Argentina with the Argentine Peso. - #Inflation

Paul L.

CRYPTOCURRENCY

Mar 20, 2023

finbold.com

“When the dollar really starts to lose money rapidly, you know, when we’re like Argentina or something like that, and then you can’t even risk keeping your short-term money in dollars, it’s not that bad yet,” he added. 

Despite Schiff advocating for a possible shift towards digital gold, the economist had initially stated that the precious metal partly lost interest during the 2021 cryptocurrency bull run. As per a Finbold report, Schiff stated that the attention placed on Bitcoin saw investors ignore gold. 

Indeed, Bitcoin has earned a comparison to gold, with proponents touting the digital currency to replace the metal and become the ultimate store of value. 

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