On November 26, news came that renowned economist and gold supporter Peter Schiff posted on social media platform X, criticizing the Trump administration's support for Bitcoin policies. Schiff stated, "When the government picks winners and losers, it usually chooses losers. Since the Trump administration has chosen Bitcoin, Wall Street is misallocating capital in large amounts to Bitcoin and related value-destroying companies." In response to Senator Lummis's suggestion that the Federal Reserve sell gold reserves to buy Bitcoin, Schiff warned, "If the U.S. makes the significant mistake of selling gold to buy Bitcoin, you should buy gold, and if you hold Bitcoin, sell it to the U.S. government." He also criticized MicroStrategy Executive Chairman Michael Saylor's Bitcoin investment strategy as a "Ponzi scheme," claiming that if forced to sell Bitcoin, the company could collapse.

#BTC