#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!
— Peter Schiff (@PeterSchiff) March 30, 2022
1/ If I was capable of moving #btc it would not be fit as a reserve asset
— Do Kwon 🌕 (@stablekwon) March 30, 2022