Peter Schiff Accepts Bitcoin Gift but Stays Pro-Gold
The Most Important Points at a Glance
Peter Schiff, a longtime critic of Bitcoin, has surprisingly announced that he will accept Bitcoin as a gift for his 62nd birthday. He has transferred his Bitcoin reserve from an exchange to a hardware wallet and shared a public wallet address to receive contributions. Despite his past skepticism, he remains committed to his gold-based investment strategy and also accepts PaxGold and Tether Gold.
Peter Schiff and His New Bitcoin Reserve
Schiff stated in a post on X (formerly Twitter) that he has moved his Bitcoin strategic reserve from a crypto exchange to a hardware wallet. He emphasized that this reserve is not for personal use but serves as a form of strategic financial reserve. This move has sparked speculation about whether his opinion on Bitcoin has changed or if it is merely a pragmatic decision.
Reactions from the Crypto Community
The crypto community reacted with surprise and mockery to Schiff’s announcement. Many users questioned his motives and pointed out that he had criticized Bitcoin for years. Some comments on X referred to him as a “beggar,” while others saw his decision as contradictory to his previous stance.
Schiff’s Contradictory Stance on Bitcoin
Despite his new Bitcoin reserve, Schiff remains a critic of the crypto market. He claims that China sold off large amounts of Bitcoin in January, which, in his view, highlights the market’s instability. Additionally, he criticizes the close ties between the crypto industry and the U.S. government.
Current Bitcoin Price Movement
Bitcoin is currently showing strong performance, trading at $86,952.51, representing an increase of 3.91% in the last 24 hours. The cryptocurrency has thus broken through an important resistance level and could continue to rise.
Our Assessment
Schiff’s decision to accept Bitcoin could be a tactical move to take advantage of the current market dynamics. Whether he changes his opinion in the long run or if this is a one-time action remains to be seen. However, his behavior demonstrates that even staunch critics cannot ignore Bitcoin.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Fruit Slots: The Best Fruit-Themed Slot Machines at a Glance
Reading time: ~ 2 minutes
-
Online Casinos in Russia
Reading time: ~ 2 minutes
-
Online Casinos in Brazil
Reading time: ~ 2 minutes
-
Best PAGCOR Casinos 2025
Reading time: ~ 2 minutes
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $88,260.00 |
| 24h % | 1.09 % |
| 7d % | 5.72 % |
| 30d % | -7.72 % |
| 60d % | -15.56 % |
| 1y % | 24.46 % |
| Market Cap | $1,751,383,104,615.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
Advertising transparency