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<a href="https://bitcoinworld.co.in/peter-schiff-criticized-trump-saylors-over-never-sell-bitcoin-philosophy/" title="Peter Schiff Criticized Trump, Saylor’s Over ‘Never Sell Bitcoin’ Philosophy" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Bitcoin (BTC) skeptic, Peter Schiff, recently criticized Donald Trump and Michael Saylor over their ‘never sell Bitcoin’ philosophy.</li> 
 <li style="font-weight: 400">Despite his criticism, Bitcoin remained strong, hitting $70K and signaling a potential bull rally.</li> 
</ul> 
A long-time Bitcoin [BTC] skeptic, Peter Schiff consistently seizes opportunities to challenge the validity of the leading cryptocurrency and the broader crypto and Web3 sector. 
<h3 id="span-style-font-weight-400-peter-schiff-against-donald-trump-span">Peter Schiff Against Donald Trump?</h3> 
Recently, he criticized former President Donald Trump and MicroStrategy Inc. co-founder Michael Saylor for their “never sell your Bitcoin” philosophy. 
<a href="https://x.com/PeterSchiff/status/1817608449917694101">Schiff questioned</a> the rationale behind this strategy, reflecting his ongoing doubts about BTC’s long-term viability and value, and said,&nbsp; 
“Both @saylor and #Trump say “never sell your #Bitcoin.” If that’s true and no one who buys Bitcoin ever sells any, what’s the point of owning it? What’s the appeal of living in poverty, dying with a big stack of Bitcoin, with successive generations of heirs repeating the process?” 
<h3 id="span-style-font-weight-400-why-does-schiff-view-bitcoin-as-a-tool-for-increasing-debt-span">Why Does Schiff View Bitcoin As A Tool For Increasing Debt?</h3> 
Well, Schiff didn’t stop at critiquing BTC advocates, he also targeted Senator Cynthia Lummis’ idea of borrowing billions to invest in Bitcoin. 
He argued that such a strategy would only exacerbate national debt and inflation, offering no significant benefits in return,&nbsp; 
“Wyoming @SenLummis claims that borrowing $70 billion to buy 1 million #Bitcoin is this generation’s Louisiana Purchase. The Louisiana Purchase almost doubled the size of the U.S. at a cost of 3 cents per acre. Borrowing billions to buy Bitcoin adds nothing but debt &amp; #inflation.”&nbsp; 
His remarks underscore his broader skepticism about BTC’s economic advantages and the potential risks of large-scale cryptocurrency investments.&nbsp; 
As expected, these remarks drew significant criticism, as highlighted by YouTuber Daniel Nita on X (formerly Twitter), who said, 
“You never sell your Bitcoin you hedge it and borrow against it. Not hard to understand…” 
<h3 id="span-style-font-weight-400-no-impact-on-btc-s-price-span">No Impact On BTC’s price</h3> 
However, Schiff continued his critique and, in a follow-up post, and further exclaimed,&nbsp; 
<img fetchpriority="high" decoding="async" class="size-medium wp-image-78257" src="http://bitcoinworld.co.in/wp-content/uploads/No-Impact-On-BTC-720x264.webp" alt="" width="720" height="264" srcset="https://bitcoinworld.co.in/wp-content/uploads/No-Impact-On-BTC-720x264.webp 720w, https://bitcoinworld.co.in/wp-content/uploads/No-Impact-On-BTC-1080x396.webp 1080w, https://bitcoinworld.co.in/wp-content/uploads/No-Impact-On-BTC-768x282.webp 768w, https://bitcoinworld.co.in/wp-content/uploads/No-Impact-On-BTC.webp 1172w" sizes="(max-width: 720px) 100vw, 720px"> 
Here, Schiff argued that the idea of using Bitcoin to manage national debt without causing more inflation is flawed and impractical.&nbsp; 
But, despite Schiff’s continued criticism, the crypto community and BTC’s price action remain unaffected. 
Bitcoin at the time of writing had climbed back to the $70K mark, and with the RSI at a robust 67, it seems to be gearing up for another bull rally.

Peter Schiff Criticized Trump, Saylor’s Over ‘Never Sell Bitcoin’ Philosophy

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