{"id":29133,"date":"2025-05-29T01:56:33","date_gmt":"2025-05-29T01:56:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29133"},"modified":"2025-05-29T01:56:33","modified_gmt":"2025-05-29T01:56:33","slug":"jd-vance-said-bitcoin-created-wealth-peter-schiff-says-it-did-no-such-thing-what-has-happened-is-a-massive-transfer-of","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29133","title":{"rendered":"JD Vance Said Bitcoin Created Wealth, Peter Schiff Says It Did No Such Thing: &#8216;What Has Happened Is A Massive Transfer Of \u2026&#8217;"},"content":{"rendered":"<div>\n<p>Economist and market commentator <strong>Peter Schiff<\/strong> slammed Vice President\u00a0<strong>JD Vance\u2019s<\/strong> support for <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) at an ongoing cryptocurrency conference Wednesday.<\/p>\n<p><strong>What Happened<\/strong>: Schiff took to X to challenge several remarks made by Vance at the Bitcoin 2025 conference in Las Vegas.<\/p>\n<p>Schiff disputed Vance\u2019s assertion that Bitcoin has created new wealth. \u201cWhat has happened is a massive transfer of wealth from those who bought Bitcoin and crypto early to those who bought later. In the process, capital has been misallocated and resources squandered,\u201d he argued.<\/p>\n<p>Schiff also questioned Vance\u2019s view of Bitcoin as a hedge against poor government policy and rising inflation, arguing that gold and silver \u201cdeliver the needed protection.\u201d<\/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\">At Bitcoin 2025, JD Vance spoke about all the wealth created by Bitcoin and crypto. No actual wealth was &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/05\/45661076\/peter-schiff-challenges-jd-vances-bitcoins-safe-haven-assertion-urges-him-to-implement-policies-that-reduce-the-n\" alt=\"JD\" vance said bitcoin created wealth peter schiff says it did no such thing: has happened is a massive transfer of>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Economist and market commentator Peter Schiff slammed Vice President\u00a0JD Vance\u2019s support for Bitcoin (CRYPTO: BTC) at an ongoing cryptocurrency conference Wednesday. What Happened: Schiff took to X to challenge several remarks made by Vance at the Bitcoin 2025 conference in Las Vegas. Schiff disputed Vance\u2019s assertion that Bitcoin has created new wealth. \u201cWhat has happened [&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-29133","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\/29133","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=29133"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29133\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}