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- 💥 Gate Square Event: #PostToWinPIGGY 💥
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BTC critic Peter Schiff urges the US to sell the confiscated BTC
BlockBeats news, on December 10th, according to Decrypt, economist and cryptocurrency critic Peter Schiff called on President Biden to sell all the BTC held by the federal government, sparking a discussion about the US government’s BTC strategy. Schiff pointed out that liquidating these reserves could reduce the budget deficit in 2024 and eliminate the idea of establishing a ‘strategic BTC reserve’. ‘One good thing Biden can do before leaving office is to sell all the BTC currently held by the US government.’ He said, ‘Not only can the funds raised reduce the budget deficit in 2024, but it can also put an end to all the absurd ideas about establishing a harmful ‘strategic BTC reserve’.’ Schiff also stated that Trump only promised to retain the existing BTC reserves and did not plan to purchase more. He suggested that Biden should sell these BTC immediately to prevent Trump from implementing a similar plan after returning to office.