Famous Bitcoin critic, Peter Schiff, has criticized the U.S. becoming a Bitcoin superpower, arguing that this will weaken the national economy. On social media X, Schiff stated that Trump's support for cryptocurrency has led Wall Street to misallocate capital into Bitcoin and related projects.

- Schiff warns that investing in Bitcoin is not a store of value, but a bet on price increases due to FOMO.

- The cryptocurrency community has reacted strongly, criticizing his views as outdated and ignorant.

- He also expressed concern that the government's Bitcoin reserves could lead to hyperinflation and weaken the dollar.