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Bitcoin Post on Official White House X Account Draws Criticism

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by Giorgi Kostiuk

12 hours ago


An unexpected post about Bitcoin appeared on the White House's X account on Saturday night, sparking active discussions.

Bitcoin Post on White House Account

On Saturday night, a post appeared on the White House's X account declaring America as the world's Bitcoin superpower. The message echoed a slogan from the Trump administration: 'America's golden age has begun.' The post included a photo of former President Donald Trump signing the Bitcoin Strategic Reserve Executive Order alongside David Sacks, the US cryptocurrency and artificial intelligence chief.

Peter Schiff's Reaction to the Statement

Economist Peter Schiff, known for his skepticism towards Bitcoin and cryptocurrencies, expressed dissatisfaction by questioning who was responsible for the post and who controls the White House's X account. Schiff also criticized the post, saying, 'What a disgrace that the office of the presidency is being used for the benefit of a few speculators and to the detriment of the country.'

What a disgrace that the office of the presidency is being used for the benefit of a few speculators and to the detriment of the country.Peter Schiff

Bitcoin Market Situation

Despite the recent actions of the US administration regarding Bitcoin and cryptocurrencies, the price of Bitcoin remains around $85,890.

The unexpected Bitcoin statement on the White House's account caused significant reactions, particularly among prominent figures skeptical of cryptocurrencies. This event added more discussions to the current situation in the Bitcoin market.

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