Long-term Bitcoin Peter Schiff, has projected a global shift from fiat currencies to digital alternatives.
Highlights
- Peter Schiff, CEO of Euro Pacific Capital, has projected a global shift from fiat currencies to digital alternatives.
- Schiff believes that one option likely to be embraced by global economies will be digital gold but expressed skepticism about Bitcoin’s ability to become one of the digital currencies in the future.
- He said the shift to digital currencies would be due to the dollar’s rapid devaluation.
- Schiff has also predicted a continued deterioration of the global economy that would significantly impact the U.S.
- banking ecosystem, that’s already in a crisis.
- The banker has advocated for investors to sell their Bitcoin holdings, maintaining that BTC will likely correct to zero in 2022.
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