Peter Schiff Recommends Biden Sell U.S. Bitcoin Holdings
Peter Schiff advises President Joe Biden to sell all U.S. Bitcoin to reduce the budget deficit.
Schiff believes this move would stop plans for a U.S. “Strategic Bitcoin Reserve” that Trump and others support.
Trump and Senator Lummis want Bitcoin to become a reserve asset for the U.S., similar to gold.
Countries like Brazil and Poland are also looking into national Bitcoin reserves.
Schiff argues selling U.S. Bitcoin holdings will stop these plans and prevent more Bitcoin accumulation.
