Peter Schiff Slams Bitcoin Reserve as a ‘Scam’ Driven by Politics

Peter Schiff News: Bitcoin Reserve or Political Scam?

Economist and gold⁴ advocate Peter Schiff is making headlines again, this time calling the Strategic Bitcoin Reserve a “scam” designed to mislead crypto investors. Known for his long-standing criticism of Bitcoin, Schiff claims the Reserve is nothing more than a political stunt, pointing fingers directly at Donald Trump for fueling crypto hype.

Schiff: Trump to Blame for Crypto Hype & Investor Losses

In a recent post on X (formerly Twitter), Schiff accused^J Trump of promoting digital assets irresponsibly, claiming that his influence is pushing people into risky investments they don’t fully understand.

According to Schiff, the Strategic Bitcoin Reserve isn’t about economic strategy—it’s about political gain. He believes this initiative is creating a speculative bubble, leading to significant losses for average American investors.

“Politically driven crypto hype is misleading people into a financial trap,” Schiff warned.

TRUMP Meme Coin Crash: A Sign of Speculation Gone Wrong?

One of Schiff’s key¹ concerns is the rapid downfall of the TRUMP meme coin. Initially popular due to its association with Trump’s pro-crypto stance, the token has plummeted in value—down 33% in just one month and over 80% from its all-time high.

Following Trump’s speech at the Digital Assets Summit, the coin even dropped 4% within 24 hours, raising questions about the actual value versus political sentiment.

“Hype over Substance is Hurting Retail Investors”

Schiff argues that the TRUMP coin’s collapse illustrates how politically affiliated⁵ tokens mislead investors. Many bought in based on hype rather than fundamentals—and are now paying the price.

Peter Schiff Rejects Strategic Bitcoin Reserve Backing

When the Strategic Bitcoin Reserve was announced, Schiff quickly distanced himself from it, calling it a market manipulation tactic. He accused BTC promoters of spreading false narratives to inflate the asset’s price and labeled these tactics as “fraudulent marketing.”

He has consistently spoken out against government involvement in cryptocurrency, stating that such initiatives are “wasteful and misleading”.

BTC Market Facing Political Turbulence

Schiff’s latest remarks come right after Trump’s announcement at the Blockworks Digital Assets Summit, raising more debate about crypto’s place in politics and regulation.

What’s Next for Bitcoin and Crypto Investors?

As institutional and political interest in Bitcoin continues to grow, Schiff’s criticism serves as a warning. While many see BTC as a smart long-term asset, others—like Schiff—view it as a speculative bubble bound to burst.

His statements highlight the need for stronger investor protections and clearer crypto regulations, especially when political figures begin influencing market sentiment.

Final Thoughts

Whether you agree with Peter Schiff or not, one thing is clear: Crypto is no longer just about tech—it’s deeply tied to politics and public sentiment. As the Bitcoin Reserve conversation unfolds, investors must weigh both the hype and the risks before making decisions.

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