Economist and gold advocate Peter Schiff has once again expressed opposition to strategic Bitcoin reserves and proposed alternatives that the U.S. could adopt. Schiff stated on X that by creating 'USA Coin' instead of strategic Bitcoin reserves, the U.S. could save a significant amount of money. Like Bitcoin, the supply cap for USA Coin would be 21 million. He added that the coin should operate on an upgraded blockchain to make it genuinely usable for payments. Schiff is a Bitcoin skeptic and has repeatedly stated his opposition to the idea of strategic Bitcoin reserves. Previously, Peter Schiff mentioned that one good thing Biden could do before leaving the presidency is to sell all the Bitcoin currently held by the U.S. government, as the funds raised could not only reduce the budget deficit for 2024 but also put an end to all the nonsense about 'strategic Bitcoin reserves.' He added, 'Biden could sell everything before Trump takes office, so Trump wouldn't have to go back on his campaign promises.'

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