Tucker Carlson presses Peter Schiff on Bitcoin as new global reserve currency

In a highly anticipated recent interview, host Tucker Carlson challenged notorious gold advocate Peter Schiff regarding the viability of Bitcoin (BTC) replacing the U.S. dollar as the world’s primary global reserve currency. The debate centered on accelerating economic instability, rampant governmental debt, and the fundamental properties required of a reliable monetary standard.

Schiff, CEO of Euro Pacific Capital, reiterated his long-standing skepticism, arguing vehemently that Bitcoin possesses no intrinsic value and is inherently too volatile to function as a dependable store of wealth for nations or individuals. He stressed that Bitcoin’s volatility and vulnerability to hacking make it unsuitable for anchoring global commerce, insisting that gold remains the only historical and proven hedge against inflationary fiat debasement and central bank mismanagement. Schiff warned that the belief in Bitcoin’s fixed supply would ultimately prove meaningless if the speculative bubble eventually bursts.

Carlson, however, aggressively pressed Schiff on the increasing global adoption of decentralized assets, highlighting widespread public and governmental mistrust in central banks and the unparalleled mathematical certainty provided by Bitcoin’s programmatic scarcity. Carlson framed Bitcoin not necessarily as a flawless replacement but as a powerful, politically neutral alternative being actively sought by countries wary of U.S. sanctions and the weaponization of the dollar by Western powers. He noted that the asset’s decentralized nature solves the fundamental problem of trusting a centralized authority.

The exchange ultimately underscored the deep ideological chasm between traditional Austrian economics (represented by Schiff) and the disruptive, digitally driven finance movement (represented by Bitcoin proponents). While Schiff maintained that the global pivot would return to physical gold, Carlson concluded the interview by suggesting that Bitcoin’s ability to operate outside the control of national governments makes it a serious, and perhaps inevitable, contender in the search for the next true global reserve asset.

Source: Tucker Carlson presses Peter Schiff on Bitcoin as new global reserve currency