U.S. President-elect Trump has indicated an intention to establish a national Bitcoin strategic reserve, but Peter Schiff, the founder of SchiffGold and a prominent gold bull who has consistently criticized Bitcoin as worthless, suggested on the 21st that a 'USA Coin' could be created to replace the Bitcoin strategic reserve. He also designed the logo for USA Coin himself. (Background: Is the BTC super cycle coming? Analysts: Trump's Bitcoin reserves and global corporate buying may break the halving bull-bear fate) (Background: Full text of the 'U.S. Bitcoin Strategic Reserve' executive draft: Manage BTC as a permanent national asset) After taking office, U.S. President-elect Trump may establish a national Bitcoin strategic reserve, but as a Bitcoin skeptic, Peter Schiff has repeatedly stated his opposition to the idea of the U.S. government establishing a strategic Bitcoin reserve. On the 10th, Peter Schiff called for President Biden to sell all the Bitcoin currently held by the federal government before leaving office, stating that the funds raised could reduce the budget deficit for 2024 and end all absurd ideas about creating a strategic Bitcoin reserve. The one good thing #Biden can do before leaving office is sell all the #Bitcoin currently held by the U.S. Govt. Not only would the money raised reduce the 2024 budget deficit, but it would put an end to all the nonsense about creating a harmful 'Strategic' Bitcoin Reserve. — Peter Schiff (@PeterSchiff) December 9, 2024 Creating a USA Coin to replace the Bitcoin reserve? On the 21st, Peter Schiff further proposed an alternative that the U.S. government could adopt, arguing that a USA Coin could be created instead of establishing a strategic Bitcoin reserve. He claimed that this move could save the U.S. a lot of money: Like Bitcoin, the supply cap for USA Coin is set at 21 million coins, and USA Coin could run on an upgraded blockchain, making it actually usable for payments, allowing us all to get rich. Instead of creating a #Bitcoin strategic reserve, the U.S. could save a lot of money by creating #USAcoin. Just like Bitcoin, the supply can be capped at 21 million, but with an upgraded blockchain to make USAcoin actually viable for use in payments. This way we can all get rich. — Peter Schiff (@PeterSchiff) December 21, 2024 Interestingly, Peter Schiff used X's AI chatbot Grok to design the logo for USA Coin, which features portraits of Trump and Tesla CEO Elon Musk. Peter Schiff even shouted a marketing slogan: 'HODL to the moon America.' Grok created this. I also ask ChatGPT to create the image, but it refused citing content restrictions. — Peter Schiff (@PeterSchiff) December 21, 2024 Peter Schiff: USA Coin will be as scarce as Bitcoin. Peter Schiff's remarks sparked heated discussion. He subsequently announced that due to the increasing popularity of the idea of creating a USA Coin, he decided to upgrade the logo design. The new logo features golden portraits of Trump and Musk, and he called on Trump: Trump needs to establish USA Coin through executive order and build a strategic reserve. Bitcoin is for losers. USA Coin is for winners. Buy it, or have fun staying poor. Now that #USAcoin is gaining a following, I've decided to upgrade the design. @realDonaldTrump needs to establish this coin by executive order and build a strategic reserve. #Bitcoin is for losers. USAcoin is for winners. Buy it, or have fun staying poor. pic.twitter.com/T9u6HToyPX — Peter Schiff (@PeterSchiff) December 21, 2024 In response to netizens, Peter Schiff added that since the supply cap for USA Coin is 21 million coins, it will be as scarce as Bitcoin but more practical. Related Reports: Michael Saylor proposes a digital asset framework: Use Bitcoin reserves to offset U.S. national debt! CryptoQuant says it is feasible but challenging. Vancouver passes 'Bitcoin-friendly city' proposal! Considering adding BTC to fiscal reserves, paying taxes. Russian parliament proposes 'incorporating Bitcoin into strategic reserve assets' to counter international economic sanctions. 'Peter Schiff criticizes the 'Bitcoin strategic reserve': Trump should create USA Coin, capped at 21 million, and I designed the logo' was first published in BlockTempo (the most influential blockchain news media).

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