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1/ If I was capable of moving #btc it would not be fit as a reserve asset Fortunately Bitcoin is neutral, it cares not what I nor anyone else thinks, and it is mighty 💪

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Peter Schiff

@PeterSchiff

· Mar 30

#Terra's plan to back a U.S. dollar stable coin with $10 billion worth of #Bitcoin makes no sense. Neither does announcing a major purchase before it's made. A U.S. dollar stable coin requires dollar backing. This is just another attempt to pump more air into the Bitcoin bubble!

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Do Kwon

@stablekwon

2/ Purchasing significant amounts of bitcoin creates information asymmetry between insiders (prof traders & desks) and everyone else. _I_ am not buying bitcoin, the reserve is for the communities of users that use UST - numbering in the millions Everyone should know.

11:59 PM · Mar 30, 2022Twitter for iPhone