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Peter Schiff Doubles Down: Bitcoin in 401(k)s Is Accelerating America’s Financial Crisis
Peter Schiff Doubles Down: Bitcoin in 401(k)s Is Accelerating America’s Financial Crisis
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Gold bug turned crypto critic Peter Schiff just fired another salvo—claiming Bitcoin's creep into retirement accounts is 'financial gasoline on the fire.'
Why the alarm? Schiff argues volatile crypto assets have no place in nest eggs while inflation burns through traditional portfolios. Never mind that Bitcoin's up 120% year-to-date while the S&P limps along at 4%.
The irony? His Euro Pacific Capital clients got front-row seats to Puerto Rico's bond collapse—but sure, blame the digital asset with a 14-year track record.
One thing's clear: Wall Street's retirement advice hasn't exactly been bulletproof. Maybe it's time for a hedge that doesn't rely on the Fed's printer.
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