Economist Peter Schiff: Selling Dollars to Buy Bitcoin Will Put Additional Pressure on the Dollar
According to Jinse Finance, economist Peter Schiff tweeted that Trump, in order to cater to his donors and promote his family business, claimed that Bitcoin "eases the pressure on the dollar and is beneficial to the country." However, selling dollars to buy Bitcoin would put additional pressure on the dollar. Moreover, wasting resources on Bitcoin is harmful to the country.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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