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Schiff says Bitcoin reserve might crash the US Dollar in the long term

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Peter Schiff , the core BTC critic has slammed the strategic BTC Reserve proposal that might come into effect with the re-election of former President Donald Trump .

Peter Schiff said if the US Government establishes a Bitcoin reserve and acquires 1 million BTC, it might buy more.

This initial purchase will push the price of the coin to a new high, turning many early buyers into millionaires and billionaires.

This push mights see these investors sell their coins to cash out the profits accrued over the years .

As Schiff noted, this will make the BTC holding of the US government fall drastically.