Peter Schiff has issued a dire warning about a potential historic economic collapse, citing the U.S. dollar’s weakening and stubborn inflation. Gold climbed above $4,500 per ounce in 2025, up 70% year-to-date, while the DXY hit its worst annual drop since 2017. Schiff claims gold will outperform Bitcoin as a reserve asset, dismissing BTC in the digital asset market. Meanwhile, the fear and greed index remains skewed toward fear, with many traders eyeing safe-haven assets. Critics, including Henrik Zeberg, argue Bitcoin is too volatile to survive a major downturn.

As reported by Criptonoticias, economist Peter Schiff has warned of an impending historic economic collapse, attributing it to the erosion of the U.S. dollar's value and the persistence of inflation above the Federal Reserve's 2% target. Gold prices surged past $4,500 per ounce in 2025, marking a 70% increase for the year, while the U.S. dollar index (DXY) recorded its worst annual decline since 2017. Schiff argues that gold, not Bitcoin, will emerge as the undisputed reserve asset for central banks, dismissing BTC as a failed investment. Meanwhile, social media users have mocked Schiff's past incorrect predictions about Bitcoin's collapse, turning his warnings into a meme known as 'The Schiff Signal.' Analyst Henrik Zeberg also criticized Bitcoin as a high-risk asset, suggesting it would fall alongside other risky assets during a financial downturn.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.