Renowned economist Peter Schiff warns that including Bitcoin in the US reserves would have disastrous consequences for the market. In a recent interview, Schiff explained why this move would lead to a crash in the market. Bitcoin, a highly volatile and speculative asset, is not suitable for being held in reserves, according to Schiff. He emphasized that the US dollar is already a reserve currency and adding Bitcoin to the mix would only increase the risk and uncertainty in the market. Schiff’s insights shed light on the potential dangers of integrating Bitcoin into the US reserves, highlighting the importance of caution and careful decision-making in the financial sector.
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