Peter Schiff Advises Biden To Do One ‘Good Thing’ Before His Term Ends: ‘Sell All The Bitcoin’ Held By The US
Posted On December 10, 2024
Influential economist Peter Schiff suggested on Monday that President Joe Biden sell all of the U.S.-owned Bitcoin (CRYPTO: BTC) before leaving office to help reduce the country’s ballooning budget deficit.
What happened: Schiff advised Biden via an X post, deeming it the “one good thing” the outgoing president can do before clearing the way for a Donald Trump tenure.
“Not only would the money raised reduce the 2024 budget deficit, but it would put an end to all the nonsense about creating a harmful “strategic” Bitcoin Reserve,” Schiff argued.
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