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Title: ‘Rumors Not True’: Peter Schiff Slams Bitcoin Reserve Push
Peter Schiff, a prominent bitcoin skeptic and CEO of Euro Pacific Capital, has taken to Twitter to dismiss rumors surrounding the creation of a Bitcoin reserve. According to recent reports, major companies have been appointed around 24 CEOs and corporate funders to its proposed Cryptocurrency Advisory Council to provide policy for creating a strategic Bitcoin reserve.
Schiff took to his official Twitter account to express skepticism over the reported news, stating that “rumors are not true.” While he did not explicitly deny the possibility of such an initiative being taken by major companies, it is clear that Schiff remains unconvinced about the merits of the proposed reserve.
As a renowned critic of cryptocurrencies and Bitcoin in particular, Schiff has consistently expressed his concerns over their volatility and lack of intrinsic value.
Source: u.today
