Economist calls for Bitcoin sale: Economist Peter Schiff encourages President JOE Biden to sell all U.S. Government-held Bitcoin before leaving office. He argues that this move would help alleviate the U.S. Budget deficit projected for 2024.

Opposes Bitcoin reserve idea: Schiff strongly opposes the creation of a U.S. Strategic Bitcoin reserve, fearing it could undermine the dollar. This idea has been gaining attention since Senator Cynthia Lummis proposed legislation to establish the reserve.

Sparks debate on crypto policy: Schiff’s views have ignited discussions, with a Bitcoin supporter suggesting the U.S. Might repurchase Bitcoin at higher prices. The debate underlines the division between supporters of gold and crypto on national financial strategies.