Gold advocate Peter Schiff: Bitcoin could be the reason for the ultimate downfall of the dollar

According to News.bitcoin, economist and gold advocate Peter Schiff warns that Bitcoin could weaken the dollar. It will not replace the dollar but exacerbate poor economic management through government-backed speculative investment. "Ironically, Bitcoin may ultimately destroy the dollar - not because it replaces the dollar as a global reserve currency, but because the U.S. government embraces Bitcoin, prints trillions of dollars to buy Bitcoin, and fuels an even bigger bubble, squandering national wealth."