4min chapter

The Jordan B. Peterson Podcast cover image

353. The US Dollar Might Collapse | Peter Schiff

The Jordan B. Peterson Podcast

CHAPTER

The Demand for Cryptocurrencies

There's no real demand yet for a cryptocurrency backed by gold to be used as a medium of exchange. People are still content to use their fiat currencies for that role. But I think once this crypto bubble really pops, and the losses stack up and people get burned, they're no longer interested in these get rich quick schemes. Because that's what gold is. Physical gold is not about getting rich. It's about avoiding becoming towards, about avoiding the inflation tax.

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