Some people think Bitcoin is like a big soap bubble that might burst! Peter Schiff, a famous economist, worries that if this happens, Americans will be affected the most because they own a lot of Bitcoin. He thinks the US government shouldn't be investing in Bitcoin.
- Schiff says the US has a powerful cryptocurrency lobby, influencing government decisions.
- He believes that if the Bitcoin price falls, Americans will lose a lot of money.
- Even though many people own Bitcoin in India and China, the US has a lot of large Bitcoin investments.
| Fact | Number/Prediction |
|---|---|
| US ranking in Bitcoin ownership | 3rd |
| Schiff's prediction | Bitcoin bubble will hurt US the most |
