Economist and Bitcoin critic Peter Schiff criticizes Trump's Bitcoin reserve plan.
Schiff argues that the US would have been better off investing in gold instead, as Bitcoin's value has dropped by over 12% since the reserve's creation.
Schiff emphasizes that gold remains a safer asset, especially in times of economic uncertainty, and would have protected the reserve's value and generated a small return.
Schiff also warns about the US economy, expressing concerns about an upcoming economic downturn and overvaluation of both equities and crypto assets.