Schiff urges BTC sale before trump: Peter Schiff, known for his opposition to Bitcoin, urges President Biden to sell U.S. Bitcoin reserves before a potential Trump return. This call aims to prevent the establishment of a ‘Strategic’ Bitcoin Reserve and reduce the deficit by liquidating assets valued at 19.33 billion USD.
Risks of Bitcoin liquidation: Critics warn that selling Bitcoin now may lead to future costs of buying back at higher prices. They argue that as other countries boost Bitcoin reserves, this could be strategically detrimental for the U.S., possibly affecting its economic stance in the global market.
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