Coinspeaker
Bitcoin Reserve Will Make US Dollar Worthless, Warns Critic Peter Schiff
Following the victory of Donald Trump last week, there’s been a growing demand for having Bitcoin Reserve for the US as crypto industry veterans expect investor-friendly policies in the Trump administration. However, economist and Bitcoin critic Peter Schiff has warned that such a move could potentially lead to the collapse of the US dollar and hyperinflation.
According to Schiff, if the US were to acquire a substantial Bitcoin reserve, such as 1 million BTC
BTC
$87 404
24h volatility:
6.6%
Market cap:
$1.74 T
Vol. 24h:
$164.44 B
, it could set off a disastrous economic cycle. He also argued that such a large purchase would trigger
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