🙉🙊🙈 $BTC a threat to the US dollar
Peter Schiff, a well-known economist and critic of cryptocurrencies, warns that the adoption of BTC by the US government could cause serious economic consequences, including a weakening of the dollar. He believes that the support of Bitcoin through printed money leads to hyperinflation and the formation of a dangerous financial bubble.
💰 Bitcoin and inflation
Schiff claims that BTC's rise to $100,000 is the result of political support and manipulation. In his opinion, such actions undermine confidence in the dollar, creating a risk for the US economy.
🏦 Trump's plans
An economist criticizes Donald Trump's idea to create a national bitcoin fund, which involves the annual purchase of BTC. Schiff believes this could reduce interest in gold and lead to financial instability.
🌍 International influence
The BRICS countries are actively reducing their dependence on the dollar, looking for alternatives in international trade. This further weakens the dollar's position as the world's reserve currency, especially amid support for cryptocurrencies.