Blockchain

Peter Schiff Has Advice For Iranians Dealing With Collapse Of Their Currency And Instead Of Bitcoin He Wants Them To Choose A Crypto Like This

January 17, 2026

Peter Schiff Has Advice For Iranians Dealing With Collapse Of Their Currency And Instead Of Bitcoin He Wants Them To Choose A Crypto Like This Aniket Verma Sun, January 18, 2026 at 2:01 AM GMT+5:30 5 min read Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economist Peter Schiff said in an interview aired Thursday that he’d prefer a gold-backed cryptocurrency over Bitcoin (CRYPTO: BTC) during a crisis like the one in Iran. Schiff Choses Gold Again Appearing on the Randi Hipper show, Schiff said that if he were to transact anonymously through an app in Iran, given the currency crisis and internet ban, he would choose tokenized gold over Bitcoin.

Credit: Yahoo

Key Highlights

“I’d rather have a cryptocurrency backed up by real money,” Schiff stated, adding that Bitcoin is backed by nothing.
Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early According to the Bitcoin critic, the best option in Iran would be to use a stablecoin.
“There are plenty of those that you could get into.
And in fact, the best stable coin, believe, would be a tokenized gold,” he said.
Inflation Crisis Fueling Bitcoin’s Rise In Iran?

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Peter Schiff Has Advice For Iranians Dealing With Collapse Of Their Currency And Instead Of Bitcoin He Wants Them To Choose A Crypto Like This

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Peter Schiff Has Advice For Iranians Dealing With Collapse Of Their Currency And Instead Of Bitcoin He Wants Them To Choose A Crypto Like This

Key Highlights

Sources

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