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Peter Schiff Seeks Bitcoin Donations to Grow Reserve

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by Giorgi Kostiuk

a day ago


Renowned Bitcoin critic Peter Schiff has caught public attention with his intention to grow his Bitcoin reserves through public donations. This move has sparked mixed reactions and numerous questions about his stance on cryptocurrencies.

Peter Schiff's New Move

Peter Schiff, previously known for his critical remarks on Bitcoin, announced his intention to grow his Bitcoin reserves. He shared a link to his Bitcoin wallet on social media, expressing willingness to match each donation received to double his total reserves. This step was inspired by the US government's approach to acquiring assets.

Public Reaction

Schiff's post received sarcastic comments from network users. Some remarked that such a move seems odd for someone previously critical of Bitcoin and suggested that Schiff should also receive gold donations, given his affinity for the asset.

Skepticism and Surprises

Although Schiff never purchased Bitcoins with his own money, his decision to create such a reserve has been met with mixed reactions. Some commentators speculated that his interest in Bitcoin is due to its decentralized nature and ability to transfer digitally, unlike physical gold bars. Meanwhile, a significant portion of the donations were eventually made in SOL tokens instead of Bitcoins.

Peter Schiff's initiative has generated widespread interest and discussions, especially given his well-known anti-crypto stance. The question of his true intentions remains open, despite increased interest in Bitcoins.

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