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news-imageNovember 26, 2024

Peter Schiff Argues America's Bitcoin Superpower Vision Will Weaken its Economy

The economist says making Bitcoin a national priority would weaken the U.S. economy, framing BTC as a misallocation of capital.
Publisher: CryptoPotato
Sentiment: Negative
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November 26, 2024

The FBI's Silk Road Bitcoin is now worth $6.4 billion

The leading cryptocurrency in the world, Bitcoin (BTC) has made impressive strides when it comes to adoption. Whereas in 2024, BTC is available via exchange-traded funds (ETFs), serves as a store of value and hedge against inflation, and enjoys widespread mainstream popularity, in the last decade, it was quite obscure.

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