Gold advocate Peter Schiff: Bitcoin could be the reason for the ultimate downfall of the dollar

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Bitget2024/12/08 03:33

According to News.bitcoin, economist and gold advocate Peter Schiff warns that Bitcoin could weaken the dollar. It will not replace the dollar but exacerbate poor economic management through government-backed speculative investment. "Ironically, Bitcoin may ultimately destroy the dollar - 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 Bitcoin, and fuels an even bigger bubble, squandering national wealth."

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