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Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, warns that rising inflation is pressuring bonds and predicts that stocks will follow suit. Schiff suggests stagflation will worsen into a combination of inflation and recession, causing U.S. federal budget deficits to increase. He expects the Federal Reserve to cut interest rates despite policy mandates for hikes, and urges investors to consider gold and silver as safer assets.
Schiff previously noted that Bitcoin’s price has fallen 30 percent from last year’s peak, describing digital credit as a source of speculative hype at a recent conference. He has also challenged the view that minimal Bitcoin price growth would support STRC yield, pointing to increased Strategy issuance. The remarks follow ongoing commentary from Schiff on pressures across digital and traditional assets.