Schiff: Bond Market Already Broke in 2020, Doom Looms for Cryptos

Peter Schiff says the bond market didn't break recently, it broke in 2020, and everything since has been a slow unwind. The renowned economist connected rising Treasury yields to the Fed's expected rate decision, the dollar's loss of purchasing power, and the central bank rush into gold.

Schiff argues that a stock selloff driven by higher rates would be deeply bearish for Bitcoin and the broader crypto market. He also claims that political capital in Washington has already turned against it. The conversation ended with Schiff and his hosts debating whether anything actually backs Bitcoin.