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Peter Schiff Suggests Creating a USA Coin
Noted cryptocurrency skeptic and gold enthusiast Peter Schiff has once again shared his thoughts on the potential creation of a national cryptocurrency-backed asset in the United States. In a recent statement, Schiff expressed skepticism towards the idea, suggesting that it could “squander” the country’s wealth.
Schiff’s comments come as a surprise to many, considering the growing popularity of cryptocurrencies and decentralized finance (DeFi) globally. According to data provided by Polymarket, a leading cryptocurrency-powered betting website, there is currently a 33% chance of a strategic Bitcoin reserve being created in the United States by early 2025.
Schiff’s opposition to the idea has been met with criticism from many within the cryptocurrency community who believe that embracing digital assets could be a powerful catalyst for economic growth. The debate has sparked heated discussions among industry experts and enthusiasts, with some arguing that a national currency-backed asset could provide stability in turbulent markets while others warn of potential risks.
It is worth noting that Schiff’s stance on gold and Bitcoin is well-documented, as he has been vocal about his opposition to both assets for several years.
Source: u.today
