Peter Schiff Questions Trump’s Bitcoin Ambition Amid Trade Deficit Concerns: ‘Resources Are Just Wasted’
Posted On April 27, 2025
Economist Peter Schiff says that President Donald Trump’s Bitcoin (CRYPTO: BTC)-centric policy contradicts his aim of correcting the U.S. trade imbalance with the world.
What Happened: In an X post on Saturday, Schiff wrote, “Trump’s goals of solving the problems leading to our huge trade deficits and making America a Bitcoin superpower are at odds with one another.”
Schiff asserted that “scarce” resources meant for increasing production were being diverted to cryptocurrency ventures, leaving the country reliant on imports and widening the trade deficit.
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