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“Rumors Not True’: Peter Schiff Slams Bitcoin Reserve Push
Cryptocurrency enthusiast and renowned critic of Bitcoin, Peter Schiff, has dismissed the recent reports suggesting that 24 CEOs and corporate funders will be appointed to a proposed Cryptocurrency Advisory Council to create a strategic Bitcoin reserve. According to sources close to the matter, this move aims to provide regulatory clarity and foster a favorable environment for cryptocurrencies.
Schiff took to social media to express his skepticism about the rumors, stating, “Rumors not true.” He emphasized that none of these developments are set in stone yet, leaving room for speculation like his own. The only concrete information available is when relevant guidelines will be issued by the relevant authorities.
It’s worth noting that Schiff has been a vocal critic of Bitcoin and cryptocurrencies as an investment opportunity. His stance on this matter suggests that he may not support the idea of a strategic Bitcoin reserve, despite the potential benefits it could bring to the cryptocurrency market.
U.Today remains committed to providing accurate information regarding the latest developments in the cryptocurrency space.
Source: u.today
