๐ Bitcoin enthusiasts, hold onto your hats! Vocal Bitcoin critic Peter Schiff is at it again, claiming that embracing Bitcoin could weaken America's economy. Schiff took to social media to critique Trump's crypto-friendly stance, suggesting Wall Street is misallocating capital towards Bitcoin.
๐ Despite his warnings, Bitcoin's price has soared to new heights following the President-elect's pro-crypto win, with institutional players diving into the market. MicroStrategy leads the charge, holding a whopping 386,000 BTC!
๐ค Schiff argues this focus on Bitcoin is "value-destroying," predicting a "bloodbath" for MicroStrategy's stock. However, the crypto community isn't buying it, with many dismissing his claims as outdated.
๐ While Schiff warns of economic risks, Bitcoin's growth continues to capture imaginations worldwide. Will America become a Bitcoin superpower? Only time will tell!