BTC-hater Peter Schiff is spreading FUD about the supposed imminent sale of 200,000 BTC by the US government. And he states that Trump is not going to create a BTC reserve if he is elected:
“If Trump truly intended to use the confiscated#BTCto create a US “strategic” reserve, he would have kept his intention secret until he took office. Now that the Biden administration gets their plan right, they will definitely sell all the satoshis before Trump takes office.”
Users have already commented on it, claiming that there will be no sales. And that even the Democrats are smarter than Peter Schiff 😁.
Should we really listen to Schiff's thoughts in this case?
Let’s leave out the logic “you need to remain silent about your plans in the election campaign” for Trump. As well as the “we will sell all BTC so that the crypto electorate will hate us even more” logic for the Democrats.
Let’s just recall that in August 2022, while supporters of the idea of BTC growth in the future saw the development of the “Bullish Wedge”, Schiff ultimately saw only the “Double Top”, “Head and Shoulders” and “Bearish Wedge” on the chart. And at the end of 2022, Schiff called for an urgent sale of BTC (at the very levels of the cycle) and talked about bearish patterns leading the BTC rate below $10,000.
To call him a critic is perhaps too great a compliment to his arguments. “Hater” is the right term.
Haters gonna hate and “the dog barks - the caravan moves on.”
$BTC
