Long-term Bitcoin (BTC) critic and CEO of Euro Pacific Capital, Peter Schiff, has projected a global shift from fiat currencies to digital alternatives. 

Schiff believes that one option likely to be embraced by global economies will be digital gold but expressed skepticism about Bitcoin’s ability to become one of the digital currencies in the future, he said in an interview with Mike Adams on March 17.  

According to Schiff, people will start transacting in digital gold either through blockchain technology or private companies tokenizing the metal. He noted that the shift to digital currencies would be due to the dollar’s rapid devaluation. 

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