In a turn of events that would make a tortoise do a double take, Peter Schiff, the golden boy of gold and the arch-nemesis of all things Bitcoin, has pulled off a stunt that’s as unexpected as a vampire going vegan. On the day he officially became 62 (which in cryptospeak is a prime number, so make of that what you will), he’s yanked his Strategic Bitcoin Reserve off the digital shelves and into the cozy confines of a hardware wallet. Transparency, he says. But is it? 🤔
And the cherry on the crypto-cake? Instead of the usual socks and underpants, he’s asking for a different kind of birthday present: Bitcoin. Because nothing says “happy birthday” like contributing to a reserve that’s as likely to be touched as a hot stove with your tongue.
“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.
bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97— Peter Schiff (@PeterSchiff) March 23, 2025
Now, before you go thinking Schiff has turned into a Bitcoin baron, let’s clarify: this isn’t your average “personal piggy bank” situation. No, this is a reserve so strategic it makes chess look like a game of checkers. He claims he’ll never sell or touch it, which is comforting because if he did, the world might just spin off its axis.
But wait, there’s more! While Schiff isn’t exactly doing a swan dive into the Bitcoin pool, he’s dipping his toes into other crypto waters. He’s still a fan of gold-backed assets (quelle surprise!) and is happy to receive PaxGold or Tether Gold. And if that wasn’t enough, he’s also started collecting Solana (SOL), which he’s keeping as far away from his Bitcoin reserve as possible. He calls it his “Crypto Stockpile”, which, let’s be honest, sounds like something a dragon would hoard.
As it stands, Schiff’s Bitcoin reserve is a modest 0.05 BTC, worth a princely sum of $4,200. It’s a small step for a man, but a giant leap for a crypto critic. Love him or loathe him, you’ve got to admit, Schiff’s latest move is as intriguing as a wizard turning into a frog. Bitcoin’s gravitational pull is strong, even for the most ardent of detractors.
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2025-03-23 19:49