Bitcoin Birthday Bombshell: Peter Schiff’s Shocking U-Turn

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Bitcoin Birthday Bombshell: Peter Schiff’s Shocking U-Turn

Bitcoin Birthday Bombshell: Peter Schiff’s Shocking U-Turn
  • Peter Schiff, the forever BTC critic, has moved his Bitcoin Strategic Reserve to a hardware wallet and is now accepting contributions via a public wallet.
  • Despite past skepticism, Schiff’s sudden change of heart has sparked debate on his true intentions.

Peter Schiff, the infamous Bitcoin skeptic, has done the unthinkable – he’s gone and joined the Bitcoin fan club. 🎉 Or has he? 🤔

Instead of the usual birthday gifts, Schiff surprised the crypto community by revealing that he now wants Bitcoin in a hardware wallet. Because, you know, nothing says “I love you” like a cold storage wallet. 💕

Peter Schiff’s Shocking Birthday Gift Demand

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In a recent X post, he announced that he successfully transferred his Bitcoin Strategic Reserve from exchange to a hardware wallet, signaling an unexpected embrace of the very asset he once dismissed. 🚀

He said:

“For transparency, I moved my Strategic Bitcoin Reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build my reserve in a budget-neutral way, just like the U.S. government, in lieu of gifts, I’m accepting Bitcoin.” 

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Beyond Bitcoin, Schiff remains true to his gold-backed ideology, openly accepting PaxGold and Tether Gold as well. 💃

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Interestingly, his reserve began as a satirical jab at the U.S. government’s plans for a strategic financial reserve, but it has since taken on a life of its own. 🤯

So far, it has amassed over $4,500, primarily from small contributions. 💸

Despite his history of skepticism, Schiff now embraces the Bitcoin ethos in his own way, even declaring:

“My strategy is to go down with the ship, like a true HODLer!”

Community Mocks

As expected, the entire crypto community was shaken by this shift in attitude as noted by user Wabi Wabi, who said:

“@grok I thought this dude hated bitcoin, is he now accepting bitcoin donations lmao?”

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Adding to the fray was another user who said:

“Selling gold to buy bitcoin is budget neutral, Peter.” 

The mocking continued and was aptly summed when another X user added:

“stop begging for btc lmaooo. u have been anti btc your whole life and now u begging for it? average gold maxi.” 

Schiff’s Contradicting View on Bitcoin

Schiff’s evolving stance on Bitcoin comes at a time when market dynamics are shifting rapidly. 🌪️

His latest claims about China offloading $100K worth of BTC in January align with his ongoing skepticism about the crypto market’s stability. 🤯

Additionally, his criticisms of the close ties between the crypto industry and the U.S. administration—along with the Trump family’s involvement in digital assets—make his recent embrace of a Bitcoin reserve all the more unexpected. 🤔

BTC Price Action

Meanwhile, Bitcoin itself is showing renewed strength, trading at $86,952.51 after a 3.91% surge in the past 24 hours, according to CoinMarketCap. 🚀

This marks a significant recovery, especially considering BTC’s prolonged struggle to break past the $85K resistance level. 📈

Whether Schiff’s reserve is a true shift in belief or just another strategic play remains to be seen, but it certainly adds another layer of intrigue to Bitcoin’s ongoing narrative. 🤔

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2025-03-24 20:14