Peter Schiff proposed to replace Bitcoin with USAcoin

Peter Schiff, known as the 'gold bug' and president of Euro Pacific Capital, proposed the creation of the crypto asset USAcoin instead of Bitcoin as a strategic reserve in the US. USAcoin will have the same limited supply of 21 million coins and an 'advanced blockchain truly suitable for making payments'.

'In this way, all of us will have the opportunity to get rich,' he noted, being a staunch critic of digital gold.

Schiff also used Grok to create an image with Elon Musk and Donald Trump against the backdrop of Bitcoin, emphasizing that achieving a similar result in ChatGPT was unsuccessful due to 'content limitations'.

'Here's what this token might look like. HODL to the Moon, America!' added Peter Schiff.