Peter Schiff: If the U.S. government strongly supports Bitcoin, it could eventually lead to the destruction of the dollar

【Peter Schiff: If the U.S. government strongly supports Bitcoin, it could eventually lead to the destruction of the dollar】Golden Finance reports that as Bitcoin breaks through $100,000, economist and gold advocate Peter Schiff has expressed serious concerns about Bitcoin and the U.S. economy. This week, Schiff posted on X: “Ironically, Bitcoin could ultimately destroy the dollar—not because it replaces the dollar as the global reserve currency, but because the U.S. government might support Bitcoin, printing trillions of dollars to buy Bitcoin, and fueling a larger bubble, squandering the nation’s wealth.” Schiff has consistently criticized U.S. government fiscal policies, warning that such measures could exacerbate economic vulnerability. He also believes: “If the U.S. establishes a Bitcoin reserve, wasting billions of taxpayers’ dollars to buy Bitcoin, it will also divert capital from industries in the U.S. that need to grow, which are aimed at promoting economic growth, reducing trade imbalances, shrinking fiscal deficits, and lowering inflation.”