#GT# #BTC# #XRP# #ETH# #DOGE# Peter Schiff says that Donald Trump's campaign for Bitcoin harms the Dollar.

Peter Schiff says that Donald Trump's campaign for Bitcoin harms the Dollar.
While Donald Trump is making progress
American economist Peter Schiff harshly criticized U.S. President Donald Trump for his adoption of a Bitcoin strategy. While Trump supports Bitcoin in his personal capacity and as President, Schiff believes that the U.S. Dollar will be the biggest victim.
Peter Schiff says that Bitcoin is harmful to our country.
Just one day after Donald Trump praised the impact of Bitcoin on the American economy, Peter Schiff criticized the president's stance. The economist revealed through a post on X that Bitcoin is harming the American economy by increasing pressure on the Dollar.
Peter Schiff points out that selling dollars to buy Bitcoin poses a serious risk to the economy as a whole, contradicting Trump’s position. The economist believes that converting US dollars into Bitcoin will reduce demand for it, which could affect its global standing.
Earlier, Donald Trump revealed that Bitcoin is amazing and alleviates pressure on the Dollar, pointing to jobs and strong price performance compared to the stock market.
But selling dollars to buy Bitcoin adds pressure on the dollar, Schiff said. He added: "Wasting resources on Bitcoin harms our country."
While the federal government does not intend