Peter Schiff Urges Biden to Sell US Bitcoin Reserves Before Trump’s Return
Rep. Adam Schiff recently suggested that President Joe Biden could potentially improve the country’s financial outlook before the end of his term by selling off all of the U.S. government’s bitcoin holdings. This proposal comes as a surprise to many, as the government’s bitcoin stash has been a topic of curiosity and speculation for quite some time.
Schiff argues that by divesting from bitcoin, the government could generate significant revenue that could be used to fund important initiatives or reduce the national debt. However, it is important to note that selling off such a large amount of bitcoin could also have a significant impact on the cryptocurrency market as a whole.
As of now, it is uncertain whether President Biden will take Schiff’s suggestion seriously or if any action will be taken regarding the government’s bitcoin holdings. It will be interesting to see how this situation unfolds and what implications it may have for both the U.S. government and the broader cryptocurrency market.
