According to BlockBeats, economist and cryptocurrency critic Peter Schiff expressed concerns about U.S. retirement savings policies. He stated that most Americans have insufficient savings to support their retirement. Schiff criticized U.S. President Donald Trump for allowing Americans to invest their limited retirement savings from 401(k) accounts into Bitcoin and other cryptocurrencies, arguing that this decision exacerbates the issue.
Peter Schiff Criticizes U.S. Retirement Savings Policy on Cryptocurrency Investments
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