Harshly criticizing BTC is America's number one enemy! Peter Schiff: Government bribery encourages people to waste money.

Bitcoin surged to a historical high of $100,000, giving every BTC supporter a boost of confidence to confidently articulate the beauty of BTC. However, for non-BTC supporters, it may be a painful transition period because in the market where ‘price is right,’ other voices may not be tolerated.

The government takes bribes to encourage people to waste money buying BTC

Gold advocate and economist Peter Schiff has never been fond of BTC, and always criticizes BTC on Twitter. On 12/9, Peter Schiff once again issued criticism, stating: ‘BTC has become a national security threat. It’s one thing when private citizens voluntarily waste their money to buy BTC. But when they bribe government officials to squander public money to buy it, it has crossed the line. BTC is now enemy number one.’

Bitcoin does not threaten gold, money should be spent in physical industries

Peter Schiff’s point is not whether BTC is a currency or gold, but that he believes investing in BTC is of no help to national power. Peter Schiff said: “BTC has become a real threat, not to gold, but to the United States. The threat is that the government is wasting public money to buy it, in the process sacrificing productive enterprises, diverting more funds into BTC and Blockchain-related businesses.”

Due to the rise in the price of BTC, coupled with Fed Chairman Powell’s mention of BTC as digital gold, many people are more convinced of its potential to replace gold. A recent ChainNews article, “The Rise of Digital Gold: Can BTC Replace Gold as a National Reserve or De-dollarization Tool?”, is discussing the perspective of BTC replacing gold and currency reserves.

【Disclaimer】There are risks in the market, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

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‘Harshly criticizing Bitcoin as the number one enemy of the United States! Peter Schiff: Government bribery encourages people to waste money’ This article was first published in ‘encryption city’