{"id":3289,"date":"2024-11-26T04:04:58","date_gmt":"2024-11-26T04:04:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3289"},"modified":"2024-11-26T04:04:58","modified_gmt":"2024-11-26T04:04:58","slug":"peter-schiff-warns-trumps-bitcoin-support-could-lead-to-economic-chaos-make-america-weaker-as-wall-street-misallocates-bigly","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3289","title":{"rendered":"Peter Schiff Warns Trump&#8217;s Bitcoin Support Could Lead To Economic Chaos, Make America &#8216;Weaker&#8217; As Wall Street Misallocates &#8216;Bigly&#8217;"},"content":{"rendered":"<div>\n<p>Renowned economist\u00a0<strong>Peter Schiff<\/strong>\u00a0came hard at the U.S. government\u2019s endorsement of <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), predicting potential economic consequences.<\/p>\n<p><strong>What Happened<\/strong>: On Monday, Schiff took to X to express his concerns over the incoming <strong>Donald Trump<\/strong> administration\u2019s bet on the world\u2019s leading cryptocurrency.<\/p>\n<p>\u201cThanks to the Trump administration\u2019s\u00a0picking Bitcoin, Wall Street is\u00a0winning bigly misallocating capital to\u00a0Bitcoin and related value-destroying businesses,\u201d Schiff stated.<\/p>\n<p>Schiff\u2019s remarks appeared to be directed at <strong>MicroStrategy Inc.<\/strong>\u2018s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) aggressive Bitcoin buying strategy, now being emulated by other Wall Street <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42179537\/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition\">companies <\/a>like <strong>Rumble Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RUM#NASDAQ\">RUM<\/a>). <\/p>\n<p>In what appeared to be a dig at Trump\u2019s popular \u2018Make America Great Again\u2019 slogan, Schiff said that becoming a Bitcoin superpower would make \u201cAmerica weaker.\u201d<\/p>\n<figure ...>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42180180\/peter-schiff-warns-trumps-bitcoin-support-could-lead-to-economic-chaos-make-america-weaker\" alt=\"Peter\" schiff warns trump bitcoin support could lead to economic chaos make america as wall street misallocates>Full story available on Benzinga.com<\/a><\/p>\n<\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned economist\u00a0Peter Schiff\u00a0came hard at the U.S. government\u2019s endorsement of Bitcoin (CRYPTO: BTC), predicting potential economic consequences. What Happened: On Monday, Schiff took to X to express his concerns over the incoming Donald Trump administration\u2019s bet on the world\u2019s leading cryptocurrency. \u201cThanks to the Trump administration\u2019s\u00a0picking Bitcoin, Wall Street is\u00a0winning bigly misallocating capital to\u00a0Bitcoin and [&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-3289","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\/3289","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=3289"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3289\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}