{"id":18691,"date":"2025-03-24T03:31:35","date_gmt":"2025-03-24T03:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18691"},"modified":"2025-03-24T03:31:35","modified_gmt":"2025-03-24T03:31:35","slug":"bitcoin-arms-race-peter-schiff-doubts-cynthia-lummis-theory-that-china-wants-to-take-on-us-smart-enough-to-have-sold","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18691","title":{"rendered":"Bitcoin Arms Race: Peter Schiff Doubts Cynthia Lummis&#8217; Theory That China Wants To Take On US \u2014 &#8216;Smart Enough To Have Sold&#8217;"},"content":{"rendered":"<div>\n<p>Renowned economist\u00a0<strong>Peter Schiff<\/strong>\u00a0expressed doubts on Saturday that China would engage in a <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) buying competition with the U.S., a view previously espoused by Senator\u00a0<strong>Cynthia Lummis<\/strong>\u00a0(R-WY).<\/p>\n<p><strong>What Happened:<\/strong>\u00a0Schiff took to X, questioning the <a href=\"https:\/\/x.com\/CynthiaMLummis\/status\/1882123046712201663\">narrative <\/a>of a potential Bitcoin \u2018arms race\u2019 between the U.S. and China. <\/p>\n<p>\u201cIn January, Cynthia Lummis said\u00a0that she thought China would\u00a0get into the equivalent of\u00a0an arms race with the\u00a0U.S. over which nation could\u00a0buy the most Bitcoin. I\u00a0doubt it, especially if China\u00a0was smart enough to have\u00a0sold all of its Bitcoin\u00a0during that month,\u201d Schiff wrote.<\/p>\n<p>The Bitcoin critic referenced a January report that detailed the Asian giant\u2019s potential sale of nearly $20 billion in seized Bitcoin, although the claims have yet to be confirmed.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In Jan. &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/03\/44451674\/bitcoin-arms-race-peter-schiff-doubts-cynthia-lummis-theory-that-china-wants-to-take-on-us\" alt=\"Bitcoin\" arms race: peter schiff doubts cynthia lummis theory that china wants to take on us enough have sold>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned economist\u00a0Peter Schiff\u00a0expressed doubts on Saturday that China would engage in a Bitcoin (CRYPTO: BTC) buying competition with the U.S., a view previously espoused by Senator\u00a0Cynthia Lummis\u00a0(R-WY). What Happened:\u00a0Schiff took to X, questioning the narrative of a potential Bitcoin \u2018arms race\u2019 between the U.S. and China. \u201cIn January, Cynthia Lummis said\u00a0that she thought China would\u00a0get [&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-18691","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\/18691","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=18691"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18691\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}