Peter Schiff, a critic of Bitcoin, has made sarcastic remarks about Bitcoin and the broader crypto market. He created his own "Bitcoin Strategic Reserve" and "Digital Asset Stockpile," but has received only $80 in his Bitcoin wallet. He has expressed skepticism about Bitcoin's long-term viability, comparing it to a pyramid scheme. The US government recently signed an order to establish a strategic reserve of cryptocurrencies, but this had little effect on Bitcoin's price. The White House held a summit on cryptocurrency, with industry figures discussing the government's vision for a government-owned digital asset reserve. Treasury Secretary Scott Bessent reaffirmed the commitment to the US dollar as the world's reserve currency and mentioned the possibility of including other assets such as XRP. The summit was seen as a step toward clearer regulations and a more favorable environment for the crypto industry in the US.



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