Bitcoin’s Recent Performance Criticized: Not Suitable as a Reserve Asset, Says Peter Schiff

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Bitcoin opponents: Bitcoin’s recent performance proves that it is not suitable to be a reserve asset

On August 16, Bitcoin opponent Peter Schiff said that Bitcoin’s recent performance shows why it is not suitable to be a reserve asset. “When everything is falling, Bitcoin falls the most. How can you use a reserve asset that falls more than the asset you are hedging?”

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