CandleFocus 'Rumors Not True': Peter Schiff Slams Bitcoin Reserve Push
2025-01-14
Author: Content Editor
Macro analyst Peter Schiff expressed skepticism about Bitcoin as a strategic reserve and criticized Japan's economic policies. He dismissed rumors of countries adopting BTC as unfounded speculation driven by individuals seeking to manipulate the Bitcoin price. While Japan has been cautious about cryptocurrency reserves, the US may appoint a Cryptocurrency Advisory Council to create a Bitcoin reserve and provide regulatory clarity. The market will have to wait for official guidelines from relevant authorities for more concrete information.
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