Bitcoin critic Peter Schiff has shown interest in building his strategic BTC reserve as he seeks support from the public to grow the reserve via a post on X today. The post received sarcastic reactions from commenters.
Schiff expressed concerns that the total worth of Bitcoin in his entire reserve remains under $5,000.
He revealed that his Bitcoin reserve, inspired by the U.S. government’s approach to acquiring assets without additional costs, has been built entirely on donations since its inception.
Following his post, Schiff shared the wallet address for his Bitcoin reserve, offering to match every Bitcoin donation he receives today, effectively doubling contributions from supporters.
Gamza KhanzadaevWhile Schiff’s initial decision to hold a Bitcoin reserve surprised many, his recent push to expand it has sparked further buzz, raising questions about his stance on the leading cryptocurrency.
Although Schiff reiterated that he has never spent his own money on acquiring Bitcoin, his latest move appears both sarcastic and contradictory to his usual anti-crypto rhetoric, leading some to speculate that the critic may be warming up to Bitcoin’s potential. However, the post has also triggered mocking comments from X users.
One user sarcastically suggested that Schiff is seeking Bitcoin donations because of the asset's decentralized nature, which allows digital transfers, whereas gold bars must be received physically.
Other commenters mocked Schiff for his pro-gold stance, demanding that he share his gold wallet address instead.
As reported by U.Today, Schiff’s Bitcoin reserve has received few Bitcoin donations, with the majority of contributions made in SOL.
Vladislav Sopov
Dan Burgin