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Peter Schiff takes aim at Trump’s Bitcoin reserve move after 12% decline

  • 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.

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