Peter Schiff Warns: Bitcoin Reserve Could Accelerate Dollar’s Decline

B. Ali
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Economist Peter Schiff is warning that putting **Bitcoin (BTC) in the US strategic reserve will accelerate the fall of the US dollar. This comes after President Donald Trump signed an executive order last Sunday to add BTC and select altcoins to the nations reserves.

Schiff says Bitcoins success is tied to the failure of fiat currencies—especially the US dollar. He says by making BTC a reserve asset the government will unintentionally weaken the dollar globally. Instead he predicts gold will be the ultimate winner in this financial shift.

MariosBTC on Twitter / X

  • BTC will erode confidence in the dollar.

  • Gold not Bitcoin will be the long term store of value.

  • The debate about Bitcoin in monetary policy is heating up.

The White House Crypto Summit on Friday will give more details about how Bitcoin will fit into the US reserve strategy.

Bitcoin vs Gold: A Battle for Reserve Dominance

While Schiff is a vocal Bitcoin critic, other market veterans including Robert Kiyosaki see BTC as the solution to Americas financial instability.

  • Kiyosaki’s view: BTC will help against inflation and preserve purchasing power.

  • Schiffs argument: Gold has monetary value for thousands of years.

  • Institutional investors are divided, some are betting on BTC others on traditional assets.

The trade war and macroeconomic uncertainties make the debate even more complicated. If Bitcoin gets broader government adoption it will change the financial landscape and challenge the dollar in international trade.

H.E. MIC (🤖,🤖) ⚔️ on Twitter / X

Can Bitcoin Rally Past $100,000?

As the first White House Crypto Summit approaches Bitcoin is showing strength.

  • BTC price: Up 6.24% in 24 hours, trading at $92,296.

  • Market cap: $1.83 trillion, with open interest rising 8.09% to $51.38 billion.

  • Analyst prediction: If BTC reclaims $97,000, it could surge to $150,000 (Pi Cycle Top metric).

Meanwhile, Ethereum (ETH) has rebounded 15%, recovering from its weekly low of $2,000. As altcoins follow BTC’s lead, traders are watching key resistance levels ahead of the crypto summit.

With Bitcoin’s adoption expanding, Schiff’s warnings about its impact on the dollar and gold markets are fueling an intense financial debate.

About B. Ali PRO INVESTOR

Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.  Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.