Economist Peter Schiff criticized Bitcoin investors' hopes that former President Donald Trump would declare Bitcoin as a Treasury reserve asset, comparing it to political vote-buying tactics like President Joe Biden's student loan forgiveness promise. Schiff's remarks come amid rumors and a cryptic post by Sen. Cynthia Lummis suggesting Trump might make such an announcement at the Bitcoin 2024 conference. Despite this, the cryptocurrency prediction market Polymarket sees only a 29% chance of this happening. Bitcoin is currently trading at $64,248.61, down 2% in the last 24 hours.