BTC arch-villain Peter Schiff admits for the first time that BTC is digital gold, but does not understand the strategic reserve significance of XRP

Peter Schiff, who has long opposed BTC, rarely changes his stance and admits that BTC is “digital gold,” acknowledging the logic behind the government’s consideration of establishing a BTC strategic reserve. However, he expresses confusion about Trump’s inclusion of XRP in the reserve plan. Possible reasons may include? (Background: Trump announces plans to advance “XRP, SOL, and ADA strategic reserves,” causing a market surge, with BTC breaking $89,000) President Trump late last night announced plans to advance the Cryptocurrency strategic reserve program, naming assets such as XRP, SOL, ADA, BTC, and ETH. Upon this news, the market quickly rebounded, with XRP and ADA soaring 28.5% and 63.3% respectively in the last 24 hours. Despite the market’s optimism, many investors remain skeptical of Trump’s actions, fearing it may undermine the seriousness of the “BTC strategic reserve” and decrease the likelihood of legislative approval. Schiff’s softened stance? Schiff has previously advocated for creating a “USA Coin” as an alternative to BTC reserves. He believes the U.S. should issue a digital currency rather than purchasing BTC as a reserve. Last year in December, he proposed the idea, suggesting that the USA Coin could have a supply cap of 21 million and operate on an upgraded blockchain for actual use in payments to enrich everyone. At that time, he even designed a logo for “USA Coin” featuring gold images of Trump and Musk, urging Trump to establish the coin through executive order and build a strategic reserve. Related reports: Peter Schiff criticizes “BTC strategic reserves”: Trump should create the USA Coin, with a cap of 21 million, and I’ve already designed the logo. BTC’s major antagonist, Peter Schiff: Trump’s support for BTC will only weaken the U.S. economy, wasting billions of taxpayers’ money. Collapse is imminent! Gold pro Peter Schiff: Market expectations of rate cuts have become a bubble “the Fed should raise rates,” BTC shouldn’t be used as a U.S. reserve. (BTC’s major antagonist Peter Schiff acknowledges BTC as digital gold for the first time but doesn’t understand the strategic significance of XRP as a reserve) This article was first published on BlockTempo, the most influential blockchain news media on Blockblockchain trends.