Overview
- Carlson argued the dollar’s weakening purchasing power warrants a new reserve option and asked why Bitcoin or a stablecoin could not fill the role.
- Schiff said Bitcoin will never be the world’s reserve currency, calling it a speculative asset without intrinsic value that relies on buyers hoping to sell later at higher prices.
- He contended central banks cannot safely hold Bitcoin because volatility and shallow liquidity would risk sharp price drops if large sales were needed.
- Schiff maintained the crypto industry’s drive for regulatory clarity seeks government endorsement and alleged early winners used their gains to influence politicians, a claim not backed by presented evidence.
- Coverage contrasted gold’s recent surge with Bitcoin’s pullback and noted renewed debate over reserve composition without any resulting policy changes.