Schiff on Reinvent Money: Bitcoin Crash May Hurt Trump

Peter recently joined the Reinvent Money Youtube channel to lay out a clear contrast: real assets backed by history versus speculative claims backed mainly by collective faith. He walks through his outlook for gold and the miners, explains why he challenged MicroStrategy’s CEO to a debate, and pushes back on crypto maximalism with tokenized gold. He closes by weighing AI’s promise against the size of today’s tech and crypto bubbles.

He opens with a forward-looking forecast on gold, the mining sector, and the dollar, signaling confidence in sound money as a hedge against loose policy and mounting liabilities:

Well, you know, I’m not exactly doing a victory dance just yet, but things seem to be going, you know, going in my direction. And I expect more of the same next year in particular. I think gold is going to have another very strong year. I think the miners are going to do very well. I think the dollar is going to be a lot weaker in 2026 than it was in 2025.

Peter doesn’t shy away from confrontation. He says he offered a public challenge to MicroStrategy’s Michael Saylor, not to argue about Bitcoin’s merits, but to question the company’s entire strategy and solvency: