The Peter Schiff Show Podcast The Fed's Forever Blowing Bubbles - Ep 1051
Nov 20, 2025
The discussion dives into the collapse of the Bitcoin and crypto bubbles, with Peter Schiff warning about broader market risks. He critiques MicroStrategy's questionable business model, likening it to a precarious Bitcoin investment. The potential for an AI bubble is also explored, alongside the troubling state of the housing market. Schiff highlights the Federal Reserve's contradictory policies on inflation and tariffs, emphasizing a looming crisis in healthcare and the IRS’s controversial actions.
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Transcript
Episode notes
Bubbles Are A Policy Consequence
- Reckless monetary and fiscal policy created many asset bubbles across crypto, AI, housing, and bonds.
- The crypto bubble is larger than the dot-com bubble and risks broader economic fallout.
AI: Real Potential, Real Bubble
- AI has genuine transformative potential and could outperform the Internet in impact.
- Still, AI investment is overheated and financed in ways that may starve other economic areas and create a bubble.
Measure Bitcoin Against Gold
- Bitcoin recently fell about 30% in dollar terms and ~42% versus gold, showing sharp volatility.
- Measuring Bitcoin against gold gives a clearer view because Bitcoin is marketed as 'digital gold.'