Economist Reveals Bitcoin’s Real Threat Target — And It’s Not Who You Think
Bitcoin just got labeled a threat by mainstream economists — but their crosshairs aren't aimed at retail investors.
The Real Target: Legacy Financial Gatekeepers
Forget the tired narrative about volatility or criminal use. The genuine disruption cuts deeper — straight through the heart of traditional financial intermediaries. Bitcoin bypasses banks, challenges monetary policy monopolies, and rewires value transfer without permission.
Decentralization as Systemic Risk
Central banks and institutional lenders face obsolescence in key functions. Peer-to-peer settlement removes rent-seeking middlemen. Programmable money automates trust — no costly verification layers required.
A Quiet Revolution in Plain Sight
While Wall Street obsesses over ETF flows and price swings, the foundational architecture of finance gets quietly dismantled. The tech doesn't just create new assets — it demolishes old power structures. (Take that, traditional finance — your 2% management fees never looked so vulnerable.)
The threat isn't to your portfolio. It's to every institution that profits from standing between people and their money.
Schiff Continues His Gold Advocacy Over Bitcoin
As much as Schiff opposes Bitcoin, he is equally, if not more, enthusiastic about gold and other precious metals. In a recent post, the economist said that BTC is gradually approaching the $70,000 mark, emphasizing the cryptocurrency’s continuous decline over the past weeks to levels not seen since 2024.
As an alternative to the flagship cryptocurrency asset, Schiff has encouraged investors to buy gold or silver as a hedge against inflation. He often characterizes BTC as an unreliable asset that he believes will eventually fall to zero in the coming years. His latest long-term forecast for the leading cryptocurrency suggests it might crash to $10,000 and find support there.
