Peter Schiff advises Iranians facing currency collapse to choose gold-backed cryptocurrencies over Bitcoin due to crisis in Iran.

Economist Peter Schiff expressed his preference for a gold-backed cryptocurrency over Bitcoin during a crisis situation similar to the one in Iran. In an interview, Schiff stated that if he needed to make anonymous transactions through an app in Iran due to the currency crisis and internet restrictions, he would opt for tokenized gold over Bitcoin. He emphasized his trust in a cryptocurrency supported by tangible assets like gold, contrasting it with Bitcoin which he claimed is backed by nothing. Schiff suggested that using a stablecoin would be the most viable option in Iran, noting the availability of several options in the market. To read the full story, visit Benzinga.com.