Peter Schiff Proposes Creating 'USA Coin' as Strategic Bitcoin Reserve Alternative
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Odaily reports that economist and gold advocate Peter Schiff has once again clearly expressed his opposition to strategic Bitcoin reserves and proposed an alternative for the US to adopt. In an article published on X, Schiff stated that the US could save a significant amount of funds by creating a "USA Coin" instead of strategic Bitcoin reserves. Like Bitcoin, the USA Coin would have a supply cap of 21 million. He added that the coin should be operated on an upgraded blockchain to make it truly usable for payments. Schiff is a Bitcoin skeptic who has repeatedly expressed his opposition to the idea of strategic Bitcoin reserves. Previously, Peter Schiff stated that one good thing Biden could do before leaving the US presidency is to sell all the Bitcoin currently held by the US government, as the funds raised could not only reduce the 2024 budget deficit, but also put an end to all the "nonsense about strategic Bitcoin reserves." He added that "Biden can sell everything before Trump takes office, so Trump doesn't have to go back on his campaign promise."
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