Dollar Dominance Is Coming to an End
Economist and long-time Bitcoin critic Peter Schiff has issued another stark warning to markets, claiming that the reign of the US dollar as the world’s primary reserve currency is approaching its end.
According to Schiff, central banks are steadily preparing for a new monetary order in which gold, not the dollar, becomes the core reserve asset. This transition, he argues, will trigger a sharp devaluation of the US currency against other fiat currencies and strip the United States of its ability to finance deficits through privileged access to the global financial system.
Gold Set to Reclaim the Reserve Throne
Schiff believes that the move toward gold is not ideological but practical. In his view, rising geopolitical tensions, growing debt burdens, and weakening confidence in US fiscal policy are pushing central banks to seek a neutral, non-sovereign store of value.
He frames this shift as a structural change rather than a short-term trade, suggesting that gold will once again occupy a central role in global monetary reserves, fundamentally reshaping currency markets.
Why Schiff Is Bearish on Bitcoin
While some investors see Bitcoin as digital gold, Schiff dismisses this comparison. He argues that Bitcoin has failed to behave like a true hedge during periods when technology stocks rally or when traditional safe havens such as gold and silver rise.
“If Bitcoin doesn’t rise when tech stocks soar and doesn’t rise when gold and silver gain, when exactly is it supposed to rise,” Schiff said, implying that the asset lacks a consistent macro narrative.
He added that the recent BTC rally should be seen not as the start of a new bull market, but as an opportunity for holders to exit their positions.
Silver as the Trade of 2025
Schiff has gone further by calling silver one of the best trades for 2025. In his outlook, selling Bitcoin and reallocating capital into silver offers a more attractive risk-reward profile as monetary instability accelerates.
He referred to the recent Bitcoin price recovery as a “Santa rally” that investors should use as a gift to reduce exposure to crypto rather than increase it.
Preparing for an Economic Reset
The core of Schiff’s message is that the world is heading toward what he calls a historic economic collapse. In this scenario, the US dollar loses its exceptional status, America’s ability to benefit from the global financial system erodes, and investors are forced to rethink the foundations of their portfolios.
Whether or not markets agree with his forecast, Schiff’s comments reflect growing unease around fiat sustainability, rising debt, and the long-term structure of the global monetary system.
BTCUSA Insight
Peter Schiff has predicted the death of Bitcoin many times before, yet each cycle brings renewed attention to his thesis. What stands out now is not just his hostility toward crypto, but his conviction that a broader monetary realignment is already underway. Even if his call to sell BTC for silver proves premature, the underlying narrative of reserve diversification is becoming harder for investors to ignore.
