Peter Schiff Slams Proposed US Bitcoin Reserve: Lack of Congressional Support Highlights Challenges

Renowned economist Peter Schiff criticizes the proposed US bill to create a national Bitcoin reserve, highlighting its lack of support in Congress beyond Senator Cynthia Lummis and Rep. Ro Khanna. Schiff warns of potential economic consequences, while proponents see it as a bullish signal for Bitcoin’s price. The bill’s slow progress and political hurdles are key concerns.

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