The Milk Road Show

Can Bitcoin Beat Gold in an Economic Collapse? w/ Peter Schiff

Oct 31, 2025
Economist Peter Schiff, a leading gold advocate and vocal critic of Bitcoin, shares his strong beliefs about money in this engaging discussion. He argues that gold is the only true currency, dismissing Bitcoin as 'digital nothing.' Schiff critiques the Federal Reserve's policies and highlights rising demand for gold due to global de-dollarization. He also points out the hype around institutional Bitcoin purchases and emphasizes the practical benefits of gold over cryptocurrency. Schiff shares his investment strategy, favoring international assets and commodities.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Longtime Bitcoin Skepticism

  • Peter Schiff recounts his long-standing skepticism of Bitcoin and says he has been predicting a top for years.
  • He admits missing early gains but defends avoiding buying into the later, broader mania.
INSIGHT

Fed Policy Never Really Tightened

  • Peter Schiff argues the Fed never achieved restrictive policy because credit growth and borrowing kept expanding during hikes.
  • He warns that cutting QT and lowering rates now will accelerate money supply growth and worsen inflation.
INSIGHT

Official CPI Understates Real Inflation

  • Schiff argues official inflation understates reality and real rates are more negative than reported, meaning policy is looser than it looks.
  • He suggests doubling the official CPI to approximate real inflation and assess true real rates.
Get the Snipd Podcast app to discover more snips from this episode
Get the app