US economist predicts biggest commodity bull market since 1970s
Amid growing economic uncertainties, American economist, staunch gold advocate, and prominent Bitcoin (BTC) skeptic, Peter Schiff, has shared his view that the most substantial impending commodity boom since the 1970s is coming and warned of potential double-digit inflation by 2025. Specifically, Peter Schiff has sounded the alarm on an impending surge in commodities prices, pointing to a chart of the Commodity Research Bureau (CRB) index, predicting that the world is on the cusp of the largest commodity bull market since the inflationary era of the 1970s . Peter Schiff’s inflation observations Indeed, the CRB index, which keeps track of 19 commodities trading, including gold, crude oil, coffee, cattle, and others, categorized into four groups – energy, agriculture, precious metals, and base/industrial metals, has been exhibiting a notable upward trend, as Schiff explained in an X post on March 21. Picks for you Did North Korea just send crypto to BlackRoc...