Peter Schiff Says Bitcoin Won’t Become the World’s Reserve Currency in Tucker Carlson Interview

During a recent interview with Tucker Carlson, gold advocate Peter Schiff reiterated his strong opposition to Bitcoin, asserting it will never become the world's reserve currency. Schiff claimed that the crypto industry seeks government regulation not for restraint, but to gain public legitimacy and official endorsement, allowing proponents to claim state validation. He alleged that early Bitcoin holders used their profits to influence politicians, citing proposals for a U.S. Bitcoin strategic reserve as a potential taxpayer-funded bailout. Carlson countered by pointing to the weakening U.S. dollar, but Schiff maintained his view that gold is true money due to intrinsic value, whereas Bitcoin is merely a speculative substitute whose value relies on the expectation of being sold later for more dollars. Schiff dismissed Bitcoin as a fad comparable to past manias like tulips, warning that its volatility makes it unsuitable for central banks and predicting losses for recent buyers.

(Source：Bitcoin Magazine)