Bitcoin Is Dependent On The US, Not A ‘Non-Dollar Asset,’ Peter Schiff Says
Posted On April 22, 2025
Bitcoin’s (CRYPTO: BTC) status as a non-risk asset is on shaky grounds, according to prominent critic Peter Schiff, who noted its high interdependence with the U.S. economy.
What Happened: In a post on X on Monday, Schiff pushed back the idea of Bitcoin as a “non-dollar asset” or a hedge against the dollar, which assumes that BTC is outside U.S. influence.
In reality, according to Schiff, the U.S. is arguably the gravitational center of Bitcoin today.
Schiff stated that Bitcoin is now intertwined with the U.S. …
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