Trump Can Delay A Bitcoin Meltdown By Announcing Strategic Reserve, Says Peter Schiff: ‘Turn Out The Lights, The BTC $100,000 Party Is Over’

Renowned market commentator Peter Schiff said Tuesday that only a strategic Bitcoin (CRYPTO: BTC) reserve announced by President Donald Trump could halt the ongoing market slump.

What happened: In an X post, Schiff wrote, “I think the only thing that can delay a Bitcoin meltdown is Trump.” He suggested that only a strong show of support from Trump for a strategic reserve, funded by Bitcoin purchases, could address the slowdown.

Schiff said it would be similar to quantitative easing, where the Federal Reserve buys government bonds to boost economic activity. He, however, deemed the scenario unlikely.

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