💬 Peter Schiff blasts Bitcoin! Should the U.S. sell its strategic BTC reserves? 💸💥

Gold supporter and economist Peter Schiff recently stated bluntly on the X platform: The most important thing Biden should do before leaving office is to sell all the Bitcoin held by the U.S. government! 🏛️💰

🔑 His logic:

1️⃣ Cashing out Bitcoin to reduce the budget deficit in 2024, addressing the fiscal situation "in a timely manner."

2️⃣ Clearing out all at once to end the controversy over "strategic Bitcoin reserves."

3️⃣ Liquidating Bitcoin to avoid the new Trump administration violating campaign promises regarding this asset.

🌍 The controversy behind it:

Pros: If the U.S. government sells Bitcoin, it may temporarily impact market prices, opening the door for potential bottom-fishing opportunities. At the same time, it could cool down global discussions about Bitcoin as a reserve asset. Cons: The selling action could trigger market panic and may even be interpreted as the government denying Bitcoin, leading to volatility in the crypto market.

🚨 My view:

The government selling Bitcoin could indeed alleviate the deficit in the short term, but in the long run, such a "one-size-fits-all" approach could undermine Bitcoin's status as "digital gold." However, precisely because of its scarcity and decentralized nature, Bitcoin's core value will not disappear due to a single sale.

🌟 What should investors do?

Closely monitor government-related developments. Don't panic blindly, be wary of the short-term risks brought by market fluctuations, and be prepared for potential bottom-fishing opportunities.

What do you think? 🤔 Is it "clearing out to reduce burden," or "strategic misjudgment"? 👇 Welcome to discuss!