{"id":5968,"date":"2025-07-21T05:00:40","date_gmt":"2025-07-21T05:00:40","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-wont-save-you-peter-schiff-says-gold-will-win-as-trump-wrecks-the-dollar\/"},"modified":"2025-07-21T05:00:40","modified_gmt":"2025-07-21T05:00:40","slug":"bitcoin-wont-save-you-peter-schiff-says-gold-will-win-as-trump-wrecks-the-dollar","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-wont-save-you-peter-schiff-says-gold-will-win-as-trump-wrecks-the-dollar\/","title":{"rendered":"Bitcoin Won\u2019t Save You\u2014Peter Schiff Says Gold Will Win As Trump Wrecks The Dollar"},"content":{"rendered":"

Gold proponent Peter Schiff hit out at US President Donald Trump\u2019s support for cryptocurrency, calling Bitcoin<\/a> a \u201cdecentralized Ponzi scheme\u201d wrapped in the American flag.<\/p>\n

He warned that pushing digital assets at home could erode trust in the dollar. Schiff said that, while some may cheer weaker paper money, it will be gold<\/a> that wins when Bitcoin finally stumbles.<\/p>\n

Dollar Confidence In Question<\/h2>\n

According To Schiff, encouraging domestic investment in Bitcoin and crypto \u201cundermines the US economy and speeds up the dollar\u2019s collapse.\u201d<\/p>\n

He argued that millions of Americans buying digital tokens won\u2019t prop up the world\u2019s main reserve currency. Schiff believes real damage comes when retail investors swap dollars for speculative coins, tipping the scales against greenbacks in global markets.<\/p>\n

\n

By promoting domestic investment in Bitcoin and crypto, Trump is helping undermine the U.S. economy and speed up the dollar\u2019s collapse. Bitcoiners may cheer, as most bought Bitcoin to profit from a dollar crash. But ironically, gold will be the winner as Bitcoin will crash too.<\/p>\n

\u2014 Peter Schiff (@PeterSchiff) July 18, 2025<\/a><\/p>\n<\/blockquote>\n

Ponzi Scheme Allegations<\/h2>\n

Schiff described recent cryptocurrency bills as little more than a way to \u201ccloak Bitcoin\u2014nothing more than a decentralized Ponzi scheme\u2014in the trappings of legitimacy.\u201d<\/p>\n

He claimed insiders use new laws to drive prices up, then get out at higher levels. \u201cThe industry is using them to hype Bitcoin and other cryptos so insiders can cash out at higher prices. It\u2019s a legislative low point,\u201d he wrote on X.<\/p>\n


\nStablecoins Under Scrutiny<\/p>\n

Based on reports, Schiff sees stablecoin<\/a> plans as a false promise for dollar dominance. He pointed out that a stablecoin backed by any fiat currency offers no real edge. That stability, he warned, will soon give way. He also pointed out tht dollar\u2011backed coins are only as stable as the underlying money.<\/p>\n

\n

The main purpose of the “landmark” crypto bills is to cloak Bitcoin\u2014nothing more than a decentralized Ponzi scheme\u2014in the trappings of legitimacy. The industry is using them to hype Bitcoin and other cryptos so insiders can cash out at higher prices. It\u2019s a legislative low point.<\/p>\n

\u2014 Peter Schiff (@PeterSchiff) July 18, 2025<\/a><\/p>\n<\/blockquote>\n

Echoes Of Tulip Mania<\/p>\n

Invoking Charles Mackay\u2019s 1630s tale, Schiff compared the digital token craze to the Dutch tulip bubble.<\/a> He quoted Mackay: \u201cThey go mad in herds, and only recover their senses slowly, and one by one.\u201d<\/p>\n

In that era, bulb prices soared before crashing overnight. Schiff said swapping tulips for Bitcoin makes the same point.<\/p>\n

Gold Set To Benefit<\/p>\n

Schiff predicted that, even if Bitcoin supporters toast short\u2011term dollar weakness, gold will be the real winner. He said that shaky digital schemes will collapse at some point, just as tulip contracts became worthless. When that happens, he expects gold prices to climb.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold proponent Peter Schiff hit out at US President Donald Trump\u2019s support for cryptocurrency, calling Bitcoin a \u201cdecentralized Ponzi scheme\u201d wrapped in the American flag. He warned that pushing digital assets at home could erode trust in the dollar. Schiff said that, while some may cheer weaker paper money, it will be gold that wins…<\/p>\n","protected":false},"author":1,"featured_media":5969,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,32,51,244,2683,2212],"class_list":["post-5968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-crypto","tag-gold","tag-peter-schiff","tag-precious-metal"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5968"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5969"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}