Crypto: Tucker Carlson Presses Peter Schiff On Bitcoin As New Global...
In his latest interview, American media personality Tucker Carlson challenged Peter Schiff on whether Bitcoin can fix the declining US dollar system.
In a new interview with US media personality Tucker Carlson, gold advocate Peter Schiff renewed his attack on Bitcoin and the broader crypto industry.
Speaking on Carlson’s show, he argued that Bitcoin (BTC) is a speculative instrument with “no actual use” and warned that proposals for a US strategic reserve amount to a taxpayer‑funded bailout for early adopters.
Schiff also spent much of the conversation attacking official inflation data and fiscal policy, telling Carlson that Americans are “being lied to” about inflation, and arguing that the government changed the Consumer Price Index so that it could blame the private sector for the higher cost of living, when it was “simply raising prices in response to inflation.”
He singled out President Donald Trump’s signature Big Beautiful Bill as “the worst thing that we’ve done under Trump,” and argued that the legislation not only preserved all the deficit spending under President Joe Biden, but “made it worse” by “increasing government spending” and cutting taxes.
Schiff turned to the crypto industry and complained about the US government “promoting” it, which is a “complete waste of capital” and has caused many Americans to “throw their money away” on crypto.
When Carlson cuts in to ask, “Why is it throwing it away?” and why betting on Bitcoin is any different from buying gold or stocks, Schiff answers that BTC has “no actual use” beyond speculation and “the only reason anybody wants to buy it” is that “they think the price is going to go up.” “That is the sole source of demand,” he said.
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He added that people who “made money in crypto” only did so because “the crypto that they bought a long time ago went way up,” not because they produced anything of value, or made people’s lives better.
“How’s that different from buying gold? You’re not making anything. You’re not making anyone’s life better,” Carlson interjects, to which Schiff replies:
Source: CoinTelegraph
