Peter Schiff Tackles Donald Trump On Bitcoin Stance

The gold enthusiast has taken a swipe at Donald Trump's Bitcoin stance as the US Presidential elections approaches.

Economist Peter Schiff has not held back in his criticism of Donald Trump's stance on Bitcoin (BTC) in recent months. The staunch advocate for gold has been a major critic of Bitcoin and the crypto market at large in recent times. This comes on the heels of the asset class gaining popularity in the run-up to the United States Presidential elections.

Related Reading | Donald Trump Set To Headline Bitcoin Conference In Miami

Peter Schiff Tackles Donald Trump On Bitcoin Stance

The gold enthusiast has taken a swipe at Donald Trump's stance on Bitcoin as the US Presidential elections approaches. Crypto executives and holders have tipped Trump to usher in the needed regulatory clarity in the sector. This is based on recent positive comments as well as leanings to a pro-crypto stance. The former President is expected to headline the Bitcoin Conference amid growing anticipation.

Peter Schiff continued his criticism of Bitcoin adding that a president who gambles taxpayer money on Bitcoin is worse than a CEO doing the same with shareholder money. In a swift reaction crypto enthusiasts have criticized his views pointing at the asset’s growth in the last decade compared to precious metals.

Donald Trump has also received the backing of crypto and tech executives all hinting at positive regulations to drive innovation in the United States. Trump's recent stance has led to about $4 million in crypto donations as user enthusiasm spikes following recent traction.

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