Peter Schiff Predicts Bitcoin Losses While Launching Gold-Backed Platform

Economist Peter Schiff has weighed in on the future of Bitcoin, asserting that he would have achieved exceptional returns if he had invested early. However, he believes most investors will ultimately face losses with Bitcoin. Despite this outlook, Schiff announced a significant move: the launch of a tokenized gold platform and a new neobank. This innovative platform will enable users to transact using gold, facilitate payments and debit card transactions, and settle these transactions automatically by selling the underlying gold. Schiff plans to offer accounts and payment options denominated in gold.