{"id":6764,"date":"2025-01-09T08:18:48","date_gmt":"2025-01-09T08:18:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6764"},"modified":"2025-01-09T08:18:48","modified_gmt":"2025-01-09T08:18:48","slug":"peter-schiff-us-govt-wont-be-buying-bitcoin-is-that-true","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6764","title":{"rendered":"Peter Schiff: \u2018US Govt Won\u2019t Be\u2019 Buying Bitcoin: Is That True?"},"content":{"rendered":"
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Before winning the 2024 presidential election in a landmark victory for the cryptocurrency sector, former president Donald Trump promised to establish a national Bitcoin reserve.<\/p>\n

As a result, crypto markets have been making big bets on Bitcoin\u2019s price<\/a> increasing throughout 2025.<\/p>\n

But Trump hasn\u2019t yet committed the federal government to making any new Bitcoin purchases. His more modest plan is to simply freeze the Bitcoin the government has already seized from those like Ross Ulbricht, who broke the law.<\/p>\n

So does that mean Schiff is right, and the government won\u2019t be buying Bitcoin, even with Trump in charge?<\/p>\n

That\u2019s not necessarily so. Wyoming Senator Cynthia Lummis (R-WY) has <\/a>a more radical proposal for the government in Washington to purchase one million BTC over five years.<\/p>\n

Accordingly, unless Schiff knows something that markets don\u2019t yet, it is entirely possible that the pro-crypto Republican Congress and White House could send the government on a BTC buying spree in Trump\u2019s second term.<\/p>\n

Peter Schiff: Govt Won\u2019t Be Buying Bitcoin<\/h2>\n
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Once it becomes obvious that the U.S. Govt. won\u2019t be buying #Bitcoin<\/a>, those who bought hoping to front-run that buying will sell. @saylor<\/a> will be forced to accelerate his leveraged Bitcoin purchases to prevent a crash. But this will only delay the crash until $MSTR<\/a> crashes first.<\/p>\n

\u2014 Peter Schiff (@PeterSchiff) January 8, 2025<\/a><\/p>\n<\/blockquote>\n