Is gold the only good thing in the world? Economist Peter Schiff is puzzled by the inclusion of XRP in reserves, triggering online attacks

Economist Peter Schiff, who believes in gold, questions Trump's (Crypto Strategic Reserve) plan to include XRP in it. He asked why XRP is being reserved. In the past, Peter Schiff also questioned the idea of BTC as digital gold, but later changed his attitude and accepted it.

His post immediately caught the attention of the XRP community, with a large number of supporters coming to XRP's defense. One of the respondents was Charles Hoskinson, co-founder of Cardano and Ethereum, who stated that XRP is a great technology and a global standard. After countless tough cycles over the past decade, it has survived and has the most powerful community. He believes that the president has made the right decision.

Ripple CEO Brad Garlinghouse supported Trump's initiative, but did not directly respond to Peter Schiff's post. He emphasized the necessity of cooperation within the cryptocurrency industry and praised Trump's recognition of the multi-chain ecosystem. He also mentioned that he will soon visit Washington, D.C., and continue to advocate for rights protection.

Even though Peter Schiff often sings the praises of Crypto Assets, many of his analyses are still insightful. Investors who advocate for gold will never abandon their faith just because Crypto Assets are on the rise.

The scholar who predicts the bankruptcy of the United States owns a gold trading and investment company

Even though BTC has been recognized by many mainstream financial markets as digital gold, the public's belief in gold remains strong. Peter Schiff, who owns his own company SchiffGold for gold investment trading, often attacks Cryptocurrency, and there is a context for it.

Peter Schiff has published a best-selling book, "The Real Crash: America’s Coming Bankruptcy: How to Save Yourself and Your Country," which predicts the bankruptcy of the United States. Although it was published more than ten years ago, the content of the book mentions the 2013 U.S. government shutdown facing a debt crisis, how the solution will only make the crisis worse, the scandal of the U.S. Internal Revenue Service audits, why Americans should be concerned about the bubble in U.S. stocks and real estate, stopping foreign military actions, and cutting various benefits for people at all levels. In fact, it is consistent with the current situation in 2025. Trump is now working hard to stop military actions in various countries, including mediating to achieve a ceasefire between Ukraine and Russia, and using the DOGE Efficiency Department led by Musk to shut down the public sector that wastes the national budget, and preparing to eliminate various social welfare programs.

Peter Schiff definitely approves of some of Trump's actions, but at the same time, he fiercely attacks X, questioning not only XRP, but also doubting ADA and SOL. He often expresses the view on his podcast that cryptocurrency cannot resist inflation. As a live broadcast host for gold trading, he provocatively gains a large amount of coverage and traffic in the cryptocurrency community. With the volatility of cryptocurrency this year, many investors may transfer some of their funds to stable traditional assets to avoid risks, and gold is the preferred choice. When else would be a better time to promote gold?

Is this article the only gold in the world? Gold economist Peter Schiff is puzzled by the inclusion of XRP in reserves, leading to the earliest cyber attacks in ChainNews ABMedia.