Peter Schiff Calls Bitcoin a “Complete Waste of Capital” in Tucker Carlson Interview
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Gold advocate Peter Schiff renewed his long-running criticism of Bitcoin in a new interview with Tucker Carlson, calling BTC “a speculative instrument with no actual use.” Schiff argued that government support for crypto, including proposals for a US Bitcoin reserve, amounts to a taxpayer-funded bailout for early adopters.
Schiff claimed Americans are being misled into “throwing their money away” on crypto, insisting the only reason people buy Bitcoin is the belief its price will rise. “That is the sole source of demand,” he said, dismissing crypto profits as gains disconnected from real economic value.