Schiff Warns Against Bitcoin Reserve
This is a US news story, published by CoinGape, that relates primarily to Peter Schiff news.
US news
For more US news, you can click here:
more US newsPeter Schiff news
For more Peter Schiff news, you can click here:
more Peter Schiff newscrypto trading & speculation news
For more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
strategic BTC Reserve proposal. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Deadly Bitcoin Reserve Cycle news, BTC Reserve news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Bitcoin reserve proposalCoinGape
•Schiff says Bitcoin reserve might crash the US Dollar in the long term
54% Informative
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.
VR Score
34
Informative language
25
Neutral language
31
Article tone
formal
Language
English
Language complexity
39
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
Source diversity
4
Affiliate links
no affiliate links