Peter Schiff, economist and chairman of Euro Pacific Capital, has issued a warning that Wall Street is ignoring the potential for a full-blown financial crisis. He cited February's import and export price data as evidence of accelerating inflation, and warned that the Federal Reserve is not doing enough to prevent it. These data came before oil prices rose by roughly 50% due to the Iran war and Strait of Hormuz disruptions. Schiff compared these data to a global debt and currency crisis caused by bad loans and banking leverage. He called for additional federal funds rate hikes, calling for 300 to 400 basis points on top of the current level of 4.75% to 5%. Schiff also suggested that the Fed has been too accommodative for too long and that it should raise international exposure to international equities and dollardenominated assets. He also warned against Bitcoin, calling it a negative outlook for Bitcoin.