Bitcoin Adoption as US Reserve Sparks Dollar Demise Concerns
- Economist Peter Schiff warns that Bitcoin as a US strategic reserve could accelerate the dollar’s decline.
- President Donald Trump signed an executive order to include Bitcoin and altcoins in US reserves.
- The first White House Crypto Summit is scheduled for Friday, with investors awaiting more details.
- Bitcoin price increased by 6.24% in the last 24 hours, trading at $92,296 with a market cap of $1.830 trillion.
- Crypto analyst Ali Martinez suggests Bitcoin could surge to $150,000 if it reclaims the $97,000 level.
Peter Schiff argues that adopting Bitcoin as a strategic reserve may hasten the U.S. dollar’s decline, while others see potential gains for Bitcoin holders. The upcoming White House Crypto Summit will provide further insights into this development.
Source (2.6)https://coingape.com/bitcoin-will-accelerate-dollars-demise-says-peter-schiff-gold-will-win-ultimately/?rand=24432
