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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Bitcoin Critic Peter Schiff Suggests Creating a New Altcoin Reserve Instead of BTC Reserve
Peter Schiff, known for his heavy criticisms of the cryptocurrency market, made a suggestion of his own instead of the US's plans to create a strategic Bitcoin reserve.
Schiff suggested creating a new cryptocurrency instead of Bitcoin strategic reserves, and proposed that its name be USAcoin. He argued that the US could save a lot of money this way.
Peter Schiff argued that this coin should be limited to a maximum supply of 21 million coins, like Bitcoin. However, he suggested that BTC has failed in terms of payments, so the new coin could be made applicable for payments with an updated blockchain. He ironically expressed that this way everyone in the US can become rich. Please provide the source language text to be translated. Schiff, who adopts a humorous approach again, suggested that the logo of the coin he proposed would also include Elon Musk, who is predicted to have a significant influence on the administration alongside the new President of the United States, Donald Trump.
Peter Schiff is known for being a strong advocate of gold. Schiff, who also owns a bank in Puerto Rico, had his bank seized by authorities and the bank's customers cannot access their assets.