#MajorAirdropWatch Economist Peter Schiff urges Biden to sell US Bitcoin holdings, arguing it reduces deficits. Advocates counter, citing Bitcoin's global strategic value.

Renowned Bitcoin critic and economist Peter Schiff has stirred fresh controversy by urging President Joe Biden to sell all Bitcoin currently held by the US government.

Schiff, a longtime detractor of cryptocurrency, tweeted that liquidating these assets would help reduce the 2024 budget deficit. He says it would also eliminate any speculation about establishing a US "Strategic Bitcoin Reserve."

Peter Schiff Wants Strategic Bitcoin Reserve Plans Quashed

Barely a day after calling Bitcoin thepublic enemy number one, Peter Schiff, the gold proponent, has taken another jab at the pioneer crypto.

"The one good thing Biden can do before leaving office is sell all the Bitcoin currently held by the US Govt. Not only would the money raised reduce the 2024 budget deficit, but it would put an end to all the nonsense about creating:

Schiff stated.