Key Takeaways
-
Tucker Carlson argued that the U.S. dollar’s “diminishing purchasing power” makes the case for a new global reserve currency.
-
Carlson and Schiff clash over value creation in crypto and gold.
-
Bitcoin faces mounting skepticism from prominent critics.
Media personality Tucker Carlson said Bitcoin (BTC) or Tether (USDT) could replace the U.S. dollar as the world’s reserve currency, arguing that the dollar’s purchasing power is eroding, during a new interview with economist and gold advocate Peter Schiff.
The remarks came as Carlson and Schiff clashed over gold’s rally and Schiff’s long-held opposition to cryptocurrencies, as a growing number of commentators echo the skepticism toward digital assets.
Carlson framed his argument around what he described as the decline of the U.S. dollar.
“It’s diminishing purchasing power,” Carlson said. “So clearly, there needs to be a new global reserve currency. You don’t want it to be one owned by a geopolitical rival.”
The comments followed Peter Schiff’s X post warning of the erosion of the U.S. dollar.
“Trump may think the U.S. has the hottest economy in the world, but financial markets prove it’s the coldest,” Schiff wrote on Monday.
In their long-awaited interview, Carlson and Schiff clashed over the economist’s long-time pushback against crypto.
“You meet all these people who’ve made hundreds of millions. You meet kids who’ve made real money from crypto,” Carlson said.
Schiff rejected Carlson’s characterization and argued that crypto wealth does not stem from productive economic activity.
“Well, because where did they make it?” Schiff said.
Carlson challenged Schiff by comparing that same crypto speculation to gold investing.
“How’s that different from buying gold?” Carlson said.
