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What Is Trump’s Bitcoin Stance?
Donald Trump has publicly supported Bitcoin, viewing it as favorable for the cryptocurrency sector. However, Schiff, among others, argues that this endorsement could conflict with traditional monetary policies and pose a threat to the strength of the US economy.
Schiff is unequivocal in his belief that Bitcoin promotion might lead to a fall in the dollar’s value over time. His concern lies in the possible economic damage from government actions that advance digital currency development.