Renowned economist Peter Schiff questioned the integrity of Bitcoin (CRYPTO: BTC) proponents on Tuesday, claiming that they no longer shared his economic concerns following the election of President Donald Trump.What Happened: Without taking any names, Schiff took to X to question the rationale behind Bitcoin advocates’ continued endorsement of the apex cryptocurrency despite their newfound optimism about the U.S. economy.“Before Trump was elected, most of the big names in Bitcoin shared my concerns about the U.S. economy, deficits, and inflation,” the staunch Bitcoin critic said. “However, since Trump was elected, while my outlook has remained consistent, they have done a complete 180.” Before Trump was elected, most of the big names in Bitcoin shared my concerns about the U.S. economy, deficits, and inflation. But while I recommend gold as a hedge, they recommended Bitcoin. However, since Trump was elected, while my outlook has remained consistent, they have… — Peter Schiff (@PeterSchiff) April 15, 2025 Before Trump was elected, most of the big names in Bitcoin shared my concerns about the U.S. economy, deficits, and inflation. But while I recommend gold as a hedge, they recommended Bitcoin. However, since Trump was elected, while my outlook has remained consistent, they have…— Peter Schiff (@PeterSchiff) April[...]
Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken
