Trump praises Bitcoin as an economic booster, while economist Peter Schiff sees it as a destabilizing force.
Schiff argues that converting U.S. currency into Bitcoin weakens demand for the dollar, diverting resources into what he deems an unproductive asset.
The federal government and some U.S. states are accumulating Bitcoin reserves, with critics suggesting Trump's media company's $2 billion raised for its Bitcoin treasury aims more at wealthy crypto donors.
Schiff warns that Trump's move into crypto could have serious consequences for the dollar's future as it might be viewed as a dangerous game.