🤑 Schiff’s Sly Bitcoin Snafu 🤣

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In a deliciously wicked display of April Fools’ Day tomfoolery, the inimitable Peter Schiff, that great Cassandra of cryptocurrency, revealed the punchline to his latest jest. The venerable financial sage, notorious for his withering disdain towards Bitcoin (BTC), had announced, with a straight face, no doubt, that he would match all donations to his very own Bitcoin reserve. Oh, the humanity! 🙄

For the uninitiated, yesterday, April 1st, Schiff declared this ostensible act of philanthropy, all while maintaining his steadfast claim of never having sullied his portfolio with the aforementioned cryptocurrency. One can almost hear the sound of his eyebrows waggling with mischief.

Alas, the denouement was nothing short of anticlimactic: a paltry $45 in BTC from a mere four donors. Was this a desperate attempt to salvage a failed experiment or, indeed, the prank’s pièce de résistance? Schiff, with tongue firmly in cheek, confessed the whole shebang was, in fact, an “April Fool’s prank.” Those few who took the bait were, in his words, “fooled.” 🎣

Only four people donated about $45 worth of Bitcoin to my Strategic Bitcoin Reserve yesterday. The part about matching donations was an April Fool’s prank. Few were fooled. This just shows how difficult it is to accumulate Bitcoin in a budget neutral way at no incremental cost.

— Peter Schiff (@PeterSchiff) April 2, 2025

With his trademark acerbity, Schiff took a swipe at the U.S. government’s Strategic Bitcoin Reserve, that curious creature of policy, which neither buys nor sells, but merely… exists. 🤷‍♂️ As a wry commentary, Schiff’s “experiment” supposedly demonstrates the Sisyphean task of accumulating Bitcoin without, heaven forfend, actually purchasing it.

Now, dear reader, the question remains: is Schiff’s prognosis for the U.S. initiative a sage warning or merely a flight of fanciful skepticism? The verdict, much like the value of Bitcoin, remains tantalizingly uncertain… 🤑

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2025-04-02 18:20