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TechFlow news, June 29 — Economist Peter Schiff tweeted that Trump, in an effort to appease his donors and promote his family business, claimed Bitcoin "relieves pressure on the dollar and benefits the nation." However, selling dollars to buy Bitcoin would place additional strain on the dollar. Moreover, wasting resources on Bitcoin is harmful to the country.
Economist Peter Schiff tweeted that Trump, in an attempt to cater to his donors and promote his family business, claimed Bitcoin "relieves pressure on the dollar and benefits the nation." However, selling dollars to buy Bitcoin would place additional pressure on the dollar. Moreover, wasting resources on Bitcoin is harmful to the country.
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