Speculation is mounting over the U.S. government's decision to integrate Bitcoin into its financial strategy, with some experts questioning its impact on the dollar.
Economist Peter Schiff, a vocal Bitcoin skeptic, believes this move could accelerate the currency’s decline, arguing that gold remains the superior long-term asset.
Over the weekend, President Donald Trump signed an executive order adding Bitcoin and select altcoins to the nation’s reserves. The announcement has fueled anticipation ahead of Friday’s White House Crypto Summit, where more details are expected.
Schiff warns that the government’s embrace of Bitcoin could weaken the dollar’s standing. He suggests that while Bitcoin may benefit in the short term, gold will ultimately prove to be the more stable investment. His remarks come as economic uncertainty grows, with market conditions already volatile due to trade tensions under the Trump administration.
Meanwhile, author of “Rich Dad, Poor Dad” Robert Kiyosaki offers a contrasting view, seeing Bitcoin as a solution to America’s financial instability. He believes investors who sold during recent price dips may regret their decision, while those who held firm stand to gain significantly.
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Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.