Donald Trump

Bitcoin

President Donald Trump

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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Peter Schiff criticizes Bitcoin advocates’ borrowing strategies and questions BTC’s long-term viability.</li> 
 <li>Despite Schiff’s critique, Bitcoin’s price remains strong, suggesting a potential bull rally.</li> 
</ul> 
<p> Peter Schiff, a long-time skeptic of <a href="https://coineagle.com/price/bitcoin/">Bitcoin (BTC)</a>, often challenges the leading cryptocurrency’s validity and the broader crypto and Web3 sector.</p> 
<h2 id="schiff-s-critique-on-bitcoin-advocates">Schiff’s Critique on Bitcoin Advocates</h2> 
<p>Schiff recently voiced criticism against former President Donald Trump and Michael Saylor, co-founder of MicroStrategy Inc., for their “never sell your Bitcoin” philosophy.</p> 
<p>He questioned the logic behind this strategy, expressing his continuing doubts about BTC’s long-term value.</p> 
<h2 id="schiff-s-view-on-bitcoin-and-debt">Schiff’s View on Bitcoin and Debt</h2> 
<p>Schiff also criticized Senator Cynthia Lummis’ idea of borrowing billions to invest in Bitcoin.</p> 
<p>He argued that such a strategy would only increase national debt and inflation, providing no significant benefits.</p> 
<p>These comments highlight Schiff’s broader skepticism about BTC’s economic benefits and the potential risks of large-scale cryptocurrency investments.</p> 
<p>Despite this, Schiff’s critique does not seem to have affected the crypto community or BTC’s price.</p> 
<p>At the time of writing, Bitcoin had climbed back to the $70K mark, indicating a potential bull rally.</p>

Peter Schiff Responds to Trump and Saylor’s ‘Hold Bitcoin Forever’ Principle

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