Peter Schiff Proposes Creating "USA Coin" as an Alternative to Strategic Bitcoin Reserves

Economist and gold advocate Peter Schiff has once again made clear his opposition to strategic bitcoin reserves and has proposed alternatives that the United States could adopt.
The US could save a lot of money by creating "USA Coin" instead of a strategic reserve of bitcoin, which, like bitcoin, has a supply cap of 21 million, Schiff said in a post on X, adding that the coin should be run on an upgraded blockchain to make it truly available for payments.
Schiff is a bitcoin skeptic who has made it clear on several occasions that he opposes the idea of a strategic bitcoin reserve.
Previously, Peter Schiff said that one good thing Biden could do before he steps down as president of the United States is to sell all the bitcoin currently held by the US government, and the funds raised will not only reduce the budget deficit in 2024, but also end all the nonsense about "strategic bitcoin reserves". He added that "Biden can sell everything before Trump takes office so Trump doesn't have to renege on his campaign promises."