{"id":17121,"date":"2025-03-11T03:16:42","date_gmt":"2025-03-11T03:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17121"},"modified":"2025-03-11T03:16:42","modified_gmt":"2025-03-11T03:16:42","slug":"peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plunged-30-since-january-critics-clap-back-with-store-of-value-narrative","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17121","title":{"rendered":"Peter Schiff Says Hard To See Rationale Of Trump&#8217;s Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With &#8216;Store Of Value&#8217; Narrative"},"content":{"rendered":"<div>\n<p>On Monday, economist\u00a0<strong>Peter Schiff<\/strong> questioned the U.S. government\u2019s decision to hold\u00a0<strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) as a reserve asset\u00a0amid the apex cryptocurrency\u2019s ongoing slump.<\/p>\n<p><strong>What Happened:<\/strong>\u00a0Schiff took to X to point out that Bitcoin\u2019s market value has plunged\u00a030% from its January record\u00a0high, dropping below $77,000.<\/p>\n<p>\u201cIt\u2019s hard to see the rationale for the U.S. government holding Bitcoin as a reserve asset when it can lose that much market value so quickly, \u201d Schiff remarked. \u201cThe rationale will be even harder to see when it\u2019s down 50%.\u201d<\/p>\n<p>The backers of Bitcoin\u2019s safe haven narrative swung into action, with award-winning investment manager <strong>Michael A. Gayed<\/strong> writing \u201cStore of value\u201d in response to Schiff\u2019s post. <\/p>\n<p>Over the past five years, Bitcoin has gained 1,408%, and 243% in the last two years. <\/p>\n<p>However, Schiff was quick to clap back. \u201cIf the price can drop over 30% in less than two months without anything really happening, how can that be &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/03\/44239669\/peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plung\" alt=\"Peter\" schiff says hard to see rationale of trump crypto reserve move if bitcoin has plunged since january critics clap back with value narrative>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, economist\u00a0Peter Schiff questioned the U.S. government\u2019s decision to hold\u00a0Bitcoin (CRYPTO: BTC) as a reserve asset\u00a0amid the apex cryptocurrency\u2019s ongoing slump. What Happened:\u00a0Schiff took to X to point out that Bitcoin\u2019s market value has plunged\u00a030% from its January record\u00a0high, dropping below $77,000. \u201cIt\u2019s hard to see the rationale for the U.S. government holding Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17121","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17121"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17121\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}