Economist and gold advocate Peter Schiff has again sharply criticized bitcoin and President Donald Trump's latest economic policies, saying that the value of Trump's bitcoin strategic reserve has shrunk by 12% since March 6, and could increase by 2% if the government chooses to invest in gold. Peter Schiff added that strategic bitcoin reserves are being used to lure unsuspecting investors, and that Trump has cost Americans more in cryptocurrencies than in any speculative frenzy in history, such as the Meme coin TRUMP, which has fallen by more than 80%.