Peter Schiff slams Trump’s Bitcoin Reserve – ‘Gold would have been a better bet!’

Quick Summary:

Crypto community fired back at Schiff, dismissing his gold-first argument.

When challenged by a user who argued that the Biden administration had already missed significant profits by offloading Bitcoin early, Schiff was quick to dismiss the remark as “irrelevant.

So far, the value of the Bitcoin held in that reserve has declined by over 12%.Had the U.S.sold it and added to our gold reserve, not only would we have avoided that loss, but we would now have a 2% gain.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: Social News 1 BTC Trading View Bitcoin News Ambcrypto Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 07:00:33 (6 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 684 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 27769865

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 13 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #103

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