Peter Schiff Blasts Trump’s China Narrative On Crypto: Beijing Has No Interest In Leading The World In ‘Ponzi Schemes’
Posted On November 4, 2025
Economist Peter Schiff mocked President Donald Trump’s focus on making the U.S. a global leader in cryptocurrency on Monday, dismissing the sector as a decentralized “Ponzi scheme.”
Schiff Jabs Trump
Schiff took to X, weighing in on Trump’s claim that the country is “far and away ahead” of China in the industry.
“China wants to be #1 in viable, productive industries,” the Bitcoin (CRYPTO: BTC) critic said. “China has no interest in leading the world in decentralized pyramid or Ponzi schemes. That’s our thing.”
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