Peter Schiff Has Advice For Iranians Dealing With Collapse Of Their Currency And Instead Of Bitcoin He Wants Them To Choose A Crypto Like This
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Economist Peter Schiff said in an interview aired Thursday that he’d prefer a gold-backed cryptocurrency over Bitcoin (CRYPTO: BTC) during a crisis like the one in Iran.
Appearing on the Randi Hipper show, Schiff said that if he were to transact anonymously through an app in Iran, given the currency crisis and internet ban, he would choose tokenized gold over Bitcoin.
“I’d rather have a cryptocurrency backed up by real money,” Schiff stated, adding that Bitcoin is backed by nothing.
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