💰Peter Schiff is back in action: now Trump and Bitcoin are in the crosshairs
American economist and perennial crypto skeptic Peter Schiff stated that supporting Bitcoin is a path to the destruction of the U.S. economy. And also, to quote loosely: 'Anyone who sells dollars for these pixels is an enemy of the reserve currency.' 🇺🇸💸
Schiff is in a panic: what if people stop buying dollars and start accumulating Bitcoin (oh, the horror!). Of course, Trump is to blame — he recently stated that BTC does not interfere with the dollar; rather, it creates jobs and eases the system. Logic? No, haven't heard of it.
The economist suspects that the president's love for crypto is not about technology, but about donations. He suggests that Trump is patting Bitcoin on the head to encourage wealthy holders of the TRUMP meme coin to chip in for dinner at the White House. Just $150 million for a bowl of soup and a photo.
As always, Schiff is for gold. In his opinion, Bitcoin is just an illusion of value, a pretty soap bubble-fairy tale at new highs.
🟡 One sees a future in BTC. The other sees a threat. And we... are just watching with popcorn.
