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#GT# #BTC# #XRP# #ETH# #DOGE# Peter Schiff stated that Donald Trump's Bitcoin movement has harmed the Dollar.
Peter Schiff stated that Donald Trump’s movements against Bitcoin have harmed the Dollar.
While Donald Trump makes progress
American economist Peter Schiff strongly criticized President Donald Trump for adopting a Bitcoin strategy. Although Trump supports Bitcoin both as an individual and as president, Schiff believes the Dollar will be the biggest victim.
Peter Schiff said that Bitcoin is harmful to our country.
A day after Donald Trump praised Bitcoin's impact on the U.S. economy, Peter Schiff criticized the president's stance. The economist revealed in a post on X that Bitcoin harms the U.S. economy by increasing pressure on the Dollar.
Peter Schiff pointed out that selling Dollars to buy Bitcoin poses a serious risk to the overall economy, which contradicts Donald Trump's position. The economist believes that converting Dollars into Bitcoin will reduce the demand for Dollars, which could affect its global status.
Previously, Donald Trump revealed that Bitcoin is amazing and alleviated the pressure of Dollar, while mentioning that compared to the stock market, the work and price performance are strong.
"But buying Bitcoin with Dollars puts pressure on the Dollar," said Sheff. He added: "Wasting resources on Bitcoin is harmful to our country."
Although the federal government has no intention