Workflow
Financial storm
icon
Search documents
Peter Schiff Says What's Happening Now In Gold, Silver A 'Harbinger' Of Brewing Financial Storm: 'Not A Positive For Bitcoin'
Yahoo Finance· 2026-01-19 10:46
Core Viewpoint - Renowned economist Peter Schiff warns of an impending dollar crisis that could negatively impact Bitcoin's value while promoting gold and silver as reliable investments [1][3]. Group 1: Economic Predictions - Schiff indicates that the economy is "getting closer" to a dollar crisis, likening the current surge in gold and silver to the prelude of the 2008 financial crisis [2]. - He forecasts that the upcoming crisis will adversely affect various asset classes, including the stock market, real estate bonds, and cryptocurrencies like Bitcoin [3]. Group 2: Market Performance - As of 2025, the U.S. national debt has surpassed $38 trillion, with interest payments exceeding annual defense spending [4]. - The U.S. Dollar Index (DXY) has fallen over 10% in 2025, marking its worst performance in nearly a decade, while Bitcoin has decreased by 7.31% to $95,503.01, and gold has surged by 63.65% to $4,599.93 [5][6].