Peter Schiff Proposes Creating USA Coin as Strategic Bitcoin Reserve Alternative

CoinRank News: Economist and gold advocate Peter Schiff has once again made clear his opposition to a strategic Bitcoin reserve and proposed an alternative that the United States could adopt. Schiff wrote on X that the United States could save a lot of money by creating a USA Coin instead of a strategic Bitcoin reserve. Like Bitcoin, the supply of the US Coin is capped at 21 million. He added that the coin should be run through an upgraded blockchain to make it truly usable for payments. Schiff is a Bitcoin skeptic and has made it clear on several occasions that he opposes the idea of a strategic Bitcoin reserve. Earlier, Peter Schiff said that one good thing Biden could do before leaving office as US President is to sell all the Bitcoin currently held by the US government. The funds raised would not only reduce the 2024 budget deficit, but also put an end to all the nonsense about the strategic Bitcoin reserve. He added that Biden could sell everything before Trump takes office so that Trump doesnt have to break his campaign promises.