Peter Schiff Seeks Bitcoin Donations to Grow Strategic Reserve

Peter Schiff's Unexpected Bitcoin Move

Bitcoin critic Peter Schiff has made headlines by seeking public support to grow his strategic Bitcoin reserve. In a recent post on X, Schiff revealed that his reserve, initially inspired by the U.S. government’s asset acquisition strategy, has been built solely through donations since its inception. The current value of his reserve stands at under $5,000, prompting him to call for contributions from the public.

A Sarcastic Public Reaction

Schiff’s announcement was met with sarcasm and mockery on X. Many users questioned his intentions, with some joking that he should instead share a "gold address" for donations, given his long-standing advocacy for gold over Bitcoin. Others highlighted the irony of a Bitcoin critic relying on the decentralized nature of crypto for donations.

Schiff's Bitcoin Reserve: A Shift in Stance?

Despite his vocal criticism of Bitcoin, Schiff’s move to expand his reserve has sparked speculation about his changing perspective on the cryptocurrency. Notably, Schiff has never spent his own money on Bitcoin, yet his latest actions suggest a growing interest in its potential.

The Buzz Continues

While Schiff’s Bitcoin reserve has received limited Bitcoin donations, it has garnered significant attention, with many questioning whether this is a genuine shift in his crypto views or simply a publicity stunt. The situation continues to generate buzz, leaving the crypto community divided on his intentions.