Dollar

Peter Schiff, a famous stockbroker and widely known as Bitcoin critic, recently posted a tweet on his X handle suggesting that there is a possibility that Bitcoin may end up destroying the dollar as a currency. 
Schiff said that the US Government would grasp Bitcoin and would print trillions of dollars to buy Bitcoin, creating a bubble and inflating the money supply. 
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 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdq5cpBAedOAp30aeTsuk95yqkWG8QQQeAXQJeRbU9ITN7OZjsEZyRbEMMtNLPELaXZzTW_0nzoYRYs5R4VWF52r6N64g-kV93FRDdWk6Y4VoygJVMiYiiUZmV492MizmEnOXHTWA?key=sz9h3-XgRhtW-WrEfwQ6ND9P" alt="Peter Schiff Says Bitcoin Could Destroy The Dollar">
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 Source – <a href="https://x.com/PeterSchiff/status/1864752591982280778" target="_blank" data-type="link" data-id="https://x.com/PeterSchiff/status/1864752591982280778" rel="noreferrer noopener nofollow">X</a>
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“Ironically, Bitcoin may end up destroying the dollar after all.” he said, adding “not because it replaces the dollar as a global reserve currency, but because the U.S. government embraces Bitcoin, prints trillions of dollars to buy it, and fuels a larger bubble that squanders the nation’s wealth.” 
Schiff believes that the price of Bitcoin has increased to $100,000 because of Donald Trump’s political campaigns and government support and not because of its demand in the market.&nbsp; 
As reported, the upcoming U.S. president Donald Trump has planned to create a Crypto advisory council to build a national Bitcoin reserve. Schiff’s views sheds light on this move and concludes that it can diminish the Dollar currency and its global dominance.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Read: <a href="https://www.cryptotimes.io/2024/12/06/president-trump-names-david-sacks-as-white-house-crypto-and-ai-czar/" target="_blank" rel="noreferrer noopener">President Trump Names David Sacks as White House Crypto and AI Czar</a> 
</blockquote>

Peter Schiff Says Bitcoin Could Destroy The Dollar

The Crypto Times

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