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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SpaceX has moved 1,308 BTC—worth roughly $150 million—to a new wallet address, marking its first on-chain activity in more than three years.
According to a new chart shared by Bitcoin Magazine Pro, the current Bitcoin market cycle may be entering its final stretch—with fewer than 100 days remaining before a potential market top.
Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.