{"id":2471,"date":"2024-11-11T19:47:18","date_gmt":"2024-11-11T19:47:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2471"},"modified":"2024-11-11T19:47:18","modified_gmt":"2024-11-11T19:47:18","slug":"peter-schiff-us-bitcoin-reserve-could-destroy-dollar-predicts-its-highly-unlikely-to-happen","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2471","title":{"rendered":"Peter Schiff: US Bitcoin Reserve Could &#8216;Destroy Dollar,&#8217; Predicts It&#8217;s &#8216;Highly Unlikely&#8217; To Happen"},"content":{"rendered":"<div>\n<p>Renowned economist <strong>Peter Schiff<\/strong> has issued a stark warning about the U.S. government establishing a <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserve, predicting that such a move would end <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41799045\/ark-invests-cathie-wood-joins-call-for-strategic-bitcoin-reserve-gives-thumbs-up-to-cynthi\">in economic catastrophe<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> Schiff suggested on Monday on <strong>X<\/strong> that if the U.S. government began buying Bitcoin, it would have to continuously increase its holdings, driving the price so high that investors would cash out, triggering a market crash.<\/p>\n<p>&#8220;If the U.S. government actually established a Bitcoin reserve and bought 1 million BTC, it might end up buying millions more,&#8221; Schiff tweeted.<\/p>\n<p>The economist <a href=\"https:\/\/x.com\/PeterSchiff\/status\/1856018737230688676\">warned<\/a> that to keep up appearances, the government would have to print more dollars to buy &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41886523\/peter-schiff-us-bitcoin-reserve-could-destroy-dollar-predicts-its-highly-unlikely-to-happe\" alt=\"Peter\" schiff: us bitcoin reserve could dollar predicts it unlikely to happen>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned economist Peter Schiff has issued a stark warning about the U.S. government establishing a Bitcoin (CRYPTO: BTC) reserve, predicting that such a move would end in economic catastrophe. What Happened: Schiff suggested on Monday on X that if the U.S. government began buying Bitcoin, it would have to continuously increase its holdings, driving the [&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-2471","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\/2471","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=2471"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2471\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}