Just hate BTC! Peter Schiff: The US should not store BTC, it's better to issue USA coins directly.

Always repelling BTC, now shouting to promote 'USA Coin'

For a long time, investment expert Peter Schiff, known as the 'BTC nemesis', has repeatedly criticized BTC for its lack of intrinsic value and cash flow, and mocked its market rally as being based solely on 'bubble' and speculation. From his past remarks, it appears that he has no fondness for decentralized digital assets.

However, Schiff has recently thrown out a new proposition: the United States should completely skip the proposal to establish a 'BTC reserve' and instead issue an officially endorsed 'USA Coin' by the government. This move inevitably raises questions from the outside world: Is Schiff actually acknowledging the value potential of digital currency while denying BTC, and is he more concerned with 'government control'?

Schiff has long denied BTC as a 'gold substitute' and 'store of value'. He believes that BTC does not generate rental income and cannot rely on cash flow to pay off any debt, so it is inferior to traditional assets such as real estate and bonds, and lacks fundamental stability. He has also criticized US policy leaders, including Senator Cynthia Lummis, who supports the BTC reserve plan, pointing out that using BTC to settle national debt would inevitably undermine the status of the US dollar and pose inflation risks.

But instead of firmly singing the praises of BTC, Schiff has recently suggested the issuance of 'USA Coin', which can be designed to mimic BTC's fixed supply of 21 million, but achieve large-scale payment functionality through a 'government-controlled upgraded blockchain'.

Government endorsement vs. decentralization: Does Schaeffler want control?

For many crypto proponents, BTC's core value is precisely "decentralization" — freedom from government or single agency manipulation, transparency, and the need to trust intermediaries. However, from Schiff's argument, it seems that he only wants to learn from BTC's "limited total" and "blockchain technology" and other elements, but abandons its decentralized nature and carries out a "government-centralized" digital currency project. This "USA Coin" model shows that he cares more about state-regulated and supervisable forms of crypto, and advocates that central authority is the cornerstone of security and trust.

This move naturally raises questions in the market: Schiff has claimed for many years that BTC is nothing more than a speculative casino, but now he admits to the potential of blockchain and digital assets? Will Schiff also change his attitude once BTC becomes a legal tender reserve or is adopted by a sovereign government? Industry insiders believe that the core reason why Schiff criticizes BTC is that it is not controlled by the government, making it unable to be regulated by the "traditional monetary system" rather than a dislike for the technology itself. When BTC becomes centralized or replaced with government-issued cryptocurrency, his resistance to digital currency weakens.

The mainstreaming of encrypted assets accelerates, can the stance be loosened?

The timing of Shiff's promotion of 'USA Coin' coincides with the ongoing discussion within the US government about whether to establish BTC reserves and relax crypto regulations. Former presidents and several congressmen have strongly advocated for a 'BTC strategic reserve,' which Shiff strongly condemned as a reckless plan leading to malignant inflation. However, the continuous surge of BTC prices to break historical highs in recent years, as well as the repeated relaxation of regulations on cryptocurrency ETFs, all indicate that the industry's influence is permeating traditional markets. Despite Shiff's disagreement with its 'free anarchism' core, he must re-examine the growth potential of the digital economy.

Ultimately, Schiff's latest remarks somewhat affirmed the technological value of cryptocurrencies, but he advocated for 'centralized power' with governments replacing decentralized communities. In any case, this well-known detractor of BTC has revealed the growing recognition of the crypto economy by advocating for the government to issue 'USA Coin'. BTC, Ether, and other decentralized assets may continue to expand in an environment of 'doubt and approval', even prompting more previously harsh critics to seek compromise. For those who believe in the spirit of decentralization, Schiff's shift seems more like an 'indirect affirmation', but the future still requires a long-term game and further compromise between regulations and the market.

Extended Reading Harshly criticizing BTC as America's number one enemy! Peter Schiff: Government bribery encourages people to waste money Shouting until he collapses counts as winning? Peter Schiff again said: 'This thing' will immediately make BTC collapse. BTC is about to break 100,000! Peter Schiff: I regret not entering earlier, but I will continue to criticize.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. The responsibility is yours for investment based on this.

'I just hate BTC! Peter Schiff: The US should not reserve BTC, it's better to issue USA coins directly.' This article was first published in 'Crypto City'