Rickards calls stablecoins 'dangerous' for bond market, sees $10,000 gold

Jim Rickards has described stablecoins as the most dangerous thing in the world and argued they pose a threat to the bond market, in an interview published by Bitcoin Magazine. In the same discussion he set out a case for gold reaching $10,000 by mid-2027 and explained why he remains sceptical of bitcoin.

On gold, Rickards characterised the move to $10,000 as "fifth grade math", observing that going from $9,000 to $10,000 is only an 11% move, much smaller than the jump from $3,000 to $4,000. He also argued that central bank buying puts a floor under gold, and said a strong dollar and a falling gold price do not mean what the debasement crowd thinks.

Much of the interview concerns where leverage has accumulated. Rickards compares the yen carry trade with private credit, and returns to the theme that crises start a year before they hit, opening with the 1998 LTCM rescue as his reference point.

On bitcoin, the source describes Rickards' view as sceptical, and he considers whether the asset would behave as a safe haven or a risk asset in the next crisis. He also discusses artificial intelligence risk in connection with his MoneyGPT work and the fallacy of composition, and the conversation closes on the Fed's September rate hike and what comes next, as framed in the video's own chapter listing.

Bitcoin Magazine notes that the views expressed are those of the participants and do not necessarily reflect the policy or position of BTC Inc., Bitcoin Magazine or affiliated entities, and that the content is provided for informational and educational purposes only and is not investment, legal, tax or accounting advice.