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Image Credit: Bitcoinist

Economist Warns Trump’s Bitcoin Bet Could Weaken The Dollar–Details

  • Economist Peter Schiff criticizes Trump's support for Bitcoin, warning it could weaken the dollar.
  • Schiff argues that swapping US dollars for Bitcoin reduces demand for the dollar, potentially impacting its standing.
  • Reports suggest the government and states are considering building reserves of Bitcoin, tying them to a volatile asset.
  • Trump's involvement in crypto, including raising funds for a Bitcoin treasury and investments in DeFi, raises concerns about political and financial risks.

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