Golden Finance reports that as Bitcoin breaks through $100,000, economist and gold advocate Peter Schiff has raised serious concerns about Bitcoin and the U.S. economy. Schiff posted on Buy Bitcoin and fuel an even bigger bubble, squandering the nation’s wealth.” Schiff has been critical of the U.S. government's fiscal policy, warning that such measures could exacerbate economic vulnerabilities. He also believes: “If the United States builds a Bitcoin reserve and wastes billions of taxpayer dollars buying Bitcoin, it will also divert capital away from industries that the United States must develop to promote economic growth and reduce trade. imbalances, narrowing fiscal deficits and lowering inflation.”