Peter Schiff Warns Investors Against Keeping $20K In Cash: 'One Of The Riskiest Bets You Can Make'

Prominent economist Peter Schiff cautioned investors against holding cash as a long-term strategy, warning of significant purchasing power erosion amid growing inflation concerns. What Happened: The outspoken financial commentator and Bitcoin (CRYPTO: BTC) skeptic responded to an X user who expressed anxiety about investing their $20,000 savings, stating, “I think investing in cash is one of the riskiest bets you can make. You may not lose any money, but your money will lose most of its purchasi