#stablecoins $KGST According to Schiff, the American authorities are misallocating capital and resources, focusing on Bitcoin and cryptocurrencies instead of developing their own industry and strategic reserves.

"Trump stated that he believes in cryptocurrencies and wants to make the U.S. the 'Bitcoin capital of the world,' because, according to him, if the United States does not do this, China will. While we are spending capital and resources and harming the economy, they are building factories and buying gold," noted the economist.

In his opinion, China exhibits a more pragmatic approach, focusing on tangible assets and production, which makes the country's strategy more sustainable in the long term.$KGST