Peter Schiff's Bitcoin Social Security Plan
This is a Treasuries news story, published by CoinGape, that relates primarily to Bitcoin news.
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•Bitcoin critic Peter Schiff suggests Social Security Trust sell $2.7T in Treasuries to buy Bitcoin
61% Informative
Peter Schiff suggests Social Security Trust sell $ 2.7 T in Treasuries to buy Bitcoin , potentially stabilizing Social Security funds.
Schiff estimates a Bitcoin investment could increase Social Security's assets to over $ 100 T, addressing a $ 23 T funding gap.
To avoid market impact, Schiff proposes using Bitcoin as collateral at the Fed to secure cash for Social Security benefits.
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