🗣🛑✋️BTC Won’t Wait for Trump. $BTC

Although Peter Schiff often spreads bearish sentiments without basis, he did highlight an interesting point:

“If Donald Trump truly planned to use the confiscated BTC for American reserves, he wouldn’t talk about it before taking office. Now, the Biden administration will sell all BTC by November.”

It makes sense. Another factor putting pressure on Bitcoin's price 😨. The U.S. government holds $13 billion worth of Bitcoin.

Keep an eye on their BTC movements.

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⚠️Key points:💹

1. _Peter Schiff's commentary_: Despite his bearish views, Schiff highlights a valid point about Trump's potential plans for confiscated BTC.

2. _Trump's announcement timing_: If Trump planned to use BTC for American reserves, it would be illogical to announce it before taking office.

3. _Biden administration's potential actions_: Schiff suggests the Biden administration might sell all confiscated BTC by November.

4. _US government's BTC holdings_: The US government holds approximately $13 billion worth of Bitcoin.

5. _Importance of monitoring government actions_: Investors should keep a close eye on the government's BTC movements, as it could impact the market.

This information adds to the existing factors affecting Bitcoin's price, including:

- Regulatory uncertainty

- Market volatility

- Global economic conditions

- Adoption and mainstream acceptance

Stay informed and adapt to changing market conditions!