Bitcoin Skeptic Peter Schiff Predicts the US Government Will Sell All of Its Bitcoin Holdings

The recent transfer of $2 billion in Bitcoin, seized from the infamous Silk Road marketplace, has stirred speculation about a potential selloff.

Bitcoin critic Peter Schiff has predicted that the US government, under President Joe Biden, will sell all of its Bitcoin holdings.

This prediction comes after the government recently moved $2 billion worth of Bitcoin to two new wallets. The transfer occurred shortly after former President Donald Trump announced at Bitcoin Conference 2024 that the US would retain its Bitcoin and designate it as a strategic reserve.

According to Schiff, this move by the Biden administration is a clear indication that they do not want to keep any Bitcoin for Trump’s potential strategic reserve. He claims that if Trump had really intended to create such a reserve, he would have kept it a secret until he took office.

Now, Schiff argues, the US government is aware of Trump’s plan and will liquidate the entire Bitcoin holdings before Trump can potentially take office. This move would thwart Trump’s alleged plan and raise questions about the government’s stance on cryptocurrency.

During his speech at Bitcoin Conference 2024, Trump announced that he had already created a US strategic reserve of Bitcoin and other cryptocurrencies when he was president. He stated that this reserve was intended to protect the country from financial crises and to ensure its economic strength.

However, the Biden administration has not officially acknowledged this move, and the existence of a US Bitcoin strategic reserve remains unconfirmed. Register to vote in upcoming electionsはこちらから.

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