Well-known economist Peter Schiff recently severely criticized the Bitcoin community's expectations that its price would soar to millions of dollars, arguing that this view is based on "misleading logic." He specifically pointed out that there are major doubts about the idea that the government can repay future debts by purchasing Bitcoin, and questioned whether this move can avoid causing new inflation problems.

Schiff emphasized that those who advocate that Bitcoin will soar in value due to inflation while advocating that the government should use Bitcoin to solve the debt crisis are logically contradictory. He further criticized the investment philosophy of "never selling Bitcoin", arguing that this strategy ignores the real needs of asset management and may cause investors to face financial difficulties in long-term accumulation rather than achieve wealth appreciation.

Schiff strongly opposed the proposal made by Wyoming Senator Loomis to use $7 billion in foreign exchange reserves to buy Bitcoin. He believes that this move will not only fail to solve the debt problem, but may also increase the US debt burden and cause more serious inflation. He warned that investing precious financial resources in high-risk cryptocurrencies will weaken the country's financial safety net and increase economic instability.

Schiff called on investors and policymakers to remain rational and carefully evaluate the true value and potential risks of cryptocurrencies such as Bitcoin. He believes that it is impractical to rely on a single asset to solve complex economic problems, and investment decisions based on erroneous logic are more likely to have disastrous consequences. Therefore, he suggested that all parties should pay more attention to the balance and stability of macroeconomic policies and avoid blindly following trends or speculative behavior. #比特币行情 #比特币大会 #美国PCE通胀放缓 #美联储何时降息？ #美国以太坊现货ETF开始交易 $BTC $ETH