Gold advocate Peter Schiff: BTC is the number one enemy of the United States, and the government bribes to encourage people to waste money

Bitcoin surged to a historic high of $100,000, giving every BTC supporter a boost of confidence to speak more confidently about the beauty of BTC. However, for non-BTC supporters, it may be a painful transition period because in a market where 'price equals right or wrong,' other voices may not be tolerated.

Government bribery encourages people to waste money buying BTC

Gold advocate and economist Peter Schiff has always had a negative view of BTC and often criticizes BTC on Twitter. On 12/9, Peter Schiff once again issued condemnation, stating: 'BTC has become a national security threat. It is one thing for private citizens to voluntarily waste their own money to buy BTC. However, when they bribe government officials to squander public money to buy it, it has crossed the line. BTC is now the enemy number one.'

Bit currency does not threaten gold, money should be spent in the real economy

Peter Schiff's point is not whether BTC is a currency or gold, but his belief that investing in BTC is of no help to national power. Peter Schiff said: 'BTC has become a real threat, not to gold, but to the United States. The threat is that the government is wasting public money to buy it, in the process sacrificing productive enterprises, and diverting more funds into BTC and Blockchain-related businesses.'

Due to the rise in the price of BTC, and Fed Chairman Powell mentioning BTC as digital gold, many people are more convinced of its potential to replace gold. Recently, ChainNews published an article titled 'The Rise of Digital Gold: Can BTC Replace Gold as National Reserves or De-dollarization Tools?', discussing the perspective of BTC replacing gold and currency reserves.

This article, Gold Advocate Peter Schiff: BTC is America's Public Enemy No. 1, Government Bribery Encourages People to Waste Money, First Appeared in Chain News ABMedia.