This is exactly the moment when old mammoths should feel a little freedom, because let's be honest, bitcoin is falling, gold is rising🤷♂️
Peter Schiff criticized Donald Trump's idea to make the United States the "bitcoin capital of the world."
Moreover, he stated that China is too smart for Bitcoin. According to him, America mines resources for BTC while China builds factories and buys gold.🤷♂️
🤔 Sounds logical, right? But this is not the whole truth, manipulation, information noise that I wrote about in my previous articles.
🔍 So let's analyze what is true in his words and what is outright manipulation 👇
🇨🇳 Yes, China is not really hoarding BTC as a state asset. Beijing's focus is on industry, exports, gold. Decentralization simply does not fit into the model of tight control.
Why did China actually ban BTC and mining? Not because of "wisdom", the real reasons are capital flight from the yuan, threats to financial control, inability to manage decentralized money. This is not a choice in favor of gold. This is a choice in favor of control, not freedom.
🇺🇸 Now as for the US, where Schiff is changing the concept.
The US is not buying Bitcoin for the budget, there is no reserve to be filled either, so far there is little to nothing from the promises made by Trump😁 That is, we can safely say that the US is not "investing in BTC".
The US is building a regulated crypto infrastructure. Regulation is not resource labeling💪 Peter, by the way, was pointed out in the comments and had to dodge.
💡 The main thing that falls out of his logic is that Bitcoin in 2026 is no longer speculation. Bitcoin today ➡️ a geopolitical asset, a financial hedge, an alternative to trust in states, a new generation of digital gold. Yes, it doesn't build factories, but it changes the rules of the game in finance.
💬 What I wanted to add, Schiff is stable in his position🤷♂️ But he is consistently looking to the past, he has been criticizing Bitcoin since 2013 while the world is already living in the reality of ETFs, institutions, and regulation.
💬 Friends, what are your thoughts? Is Schiff right considering the market collapse that is happening? Is he still the person who said "it used to be tastier and better quality"?
@Binance Square Official #BTC #GOLD
