
Bitcoin.com News|Mar 10, 2025 11:32
Bitcoin critic Peter Schiff (@PeterSchiff) launched his own Strategic Bitcoin Reserve initiative! 🇺🇸💰 Mimicking the U.S. government's approach, Schiff announced on social media that he's developing a budget-neutral strategy to acquire Bitcoin at no incremental cost.
In a tongue-in-cheek post, he shared the address for donations, inviting followers to contribute to his reserve. He even launched a Solana stockpile, noting, "Several people have already sent me Solana. It seems that blockchain is much faster than Bitcoin!" 🚀💸
Schiff emphasized that none of the donated Bitcoin would be sold, declaring, "I'm going down with the ship, like a true HODLer!" ⛴️💎 He’s received nearly 0.055 BTC (worth over 4,600) so far, which he plans to secure with a hardware wallet.
Despite his criticism of Trump's crypto stance, Schiff is using this initiative to showcase why a Bitcoin-based reserve is a bad idea. What do you think about Schiff's latest move? Let us know! 💬
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