Peter Schiff, a well-known Bitcoin skeptic and advocate for gold, surprised the financial community by suggesting that a case could be made for a U.S. Bitcoin reserve. His comments have sparked a heated debate about the federal government's role in digital assets ahead of the White House crypto summit on March 7. Schiff compared Bitcoin to gold and acknowledged the trend of institutional adoption of Bitcoin. However, he criticized other digital assets in the reserve, calling them speculative. President Donald Trump also faced controversy when he initially omitted Bitcoin and Ethereum from a Strategic Crypto Reserve announcement but later clarified that they would be included. The debate at the summit will determine the inclusion of other digital assets in the U.S. reserve, with some arguing that only Bitcoin should be included. The summit is expected to solidify the White House's crypto initiative and shape U.S. financial strategy.



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