JOE BIDEN SHOULD SELL OFF U.S BITCOIN HOLDING SAYS PETER SCHIFF

Peter Schiff, a well-known economist and Bitcoin critic, is urging Joe Biden to sell all US government Bitcoin holdings. Schiff believes that selling the government's Bitcoin would be a good thing, as it would help reduce the 2024 budget deficit.

According to Schiff, the proceeds from the sale would solve the budget deficit, and it would also end the idea of creating a Strategic Bitcoin Reserve, which he thinks is "nonsense". Schiff also pointed out that Donald Trump, the US President-elect, never promised to buy more Bitcoin, only that he wouldn't sell what the government already owns.

It's worth noting that the US government currently holds 198,109 BTC, worth around $19.33 billion. However, Schiff's suggestion has sparked debate about the role of cryptocurrency in financial strategy.