Peter Schiff: "The Party is Over" — A Warning to the Bitcoin Community
BTC critic Peter Schiff criticized Trump for pressuring the Fed and the idea of buying BTC with tariffs and gold certificates.
He stated that tariffs will hit the wallets of Americans, not foreign producers. He added that at the May Bitcoin conference, there will be a "reality check" for crypto enthusiasts — similar to what happened before the mortgage crash of 2006.
Meanwhile, Trump is exploring the possibility of replenishing the Strategic Reserve of Bitcoin without touching taxes — through revenue from tariffs and the revaluation of gold certificates.
BTC is trading at $84,645 and rising. Are you ready for the reality check?
