Peter Schiff Renounces Support for Bitcoin Reserve Amid Fraud Allegations
- Economist Peter Schiff has withdrawn his endorsement of a strategic Bitcoin reserve.
- Schiff accused Bitcoin promoters of spreading misinformation to manipulate BTC prices.
- He initially appeared to support a BTC reserve over an XRP reserve, countering Donald Trump’s proposal.
- Schiff clarified he never supported a Bitcoin reserve and criticized reports suggesting otherwise.
- Donald Trump announced plans for a US crypto reserve including XRP, Solana, and Cardano.
Peter Schiff has reversed his stance on a Bitcoin reserve, accusing promoters of fraud and misinformation. Initially perceived as supportive of BTC over XRP in response to Trump’s crypto strategy, Schiff now denies endorsing any such reserve.
Source (2.6)https://coingape.com/peter-schiff-calls-bitcoin-pumpers-fraud-despite-recent-pro-btc-reserve-comments/?rand=24432
