Peter Schiff didn't want a gift for his 62nd birthday yesterday.
Instead, he wants Bitcoin for his new Bitcoin Strategic Reserve. post x.
Schiff, one of the few financial commentators predicting the economic conflict in 2008 and a founding member of Europacific Asset Management, introduced the so-called reserves earlier this month in a US government referral plan.
so far, Schiff Reserve They have accumulated over $4,500, mainly from small donations. And despite the long history of Bitcoin's skepticism, he has long argued that his strategy is to “get off on a boat like a true Hodler!”
Schiff is one of the biggest critics of the Trump administration's plans for US strategic Bitcoin sanctuaries, or protected areas, including cryptocurrencies.
Instead, he advocates for strengthening existing reserves of gold – Schiff really loves gold – or oil.
“The more money a country has to bypass the code, the less capital it will fund the production of actual goods and legitimate wealth creation. The worst thing a government can do is encourage or subsidize this waste of resources.” I wrote it March 7th.
Schiff also calls for what he sees as an overly cozy relationship between the crypto industry and the current US administration, and an overly cozy relationship with the Trump family's own cryptocurrency venture.
he brand The recent White House crypto summit “disgrace” and “national embarrassment.”
Last week, he I insisted The Bitcoin Strategic Reserve initiative is just a way for the crypto industry to induce more Americans to speculative losses.
“Thanks to Trump, many Americans will lose more money in cryptography in history than previous speculative nerds.
Despite the short spikes on Trump weekend Posted Regarding Truth Social's Token, Meme Coin is down 84.1% from its all-time high of $73.43 on January 19th. Coingecko. It currently trades at $11.67, up 7.7% in the last 24 hours, but it's far from the peak.
Edited by Sebastian Sinclair
Daily report Newsletter
Start daily with top news articles now. Plus original features, podcasts, videos and more.
