Peter Schiff proposed the creation of 'USA Coin' as a strategic BTC reserve alternative

Odaily Planet Daily News Economist and gold advocate Peter Schiff has once again made it clear that he opposes strategic BTC reserves and has proposed alternative approaches that the United States can adopt. Schiff posted on X that the United States can save a lot of money by creating 'USA Coin' instead of a strategic BTC reserve. Like BTC, the supply limit of USA Coin is 21 million. He added that the coin should operate on an upgraded blockchain to make it truly usable for payments. Schiff is a BTC skeptic, who has repeatedly stated that he opposes the idea of strategic BTC reserves. Earlier, Peter Schiff said that one good thing Biden could do before leaving office as the U.S. president is to sell all the BTC currently held by the U.S. government. The funds raised could not only reduce the budget deficit in 2024, but also put an end to all the nonsense about 'strategic BTC reserves.' He added, 'Biden can sell everything before Trump takes office, so Trump won't have to break his campaign promises.'

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