Peter Schiff Embraces Bitcoin For His Birthday Gift: 'I Plan To Acquire More'

In a surprising turn of events, Peter Schiff, a vocal Bitcoin BTC/USD skeptic, revealed on his 62nd birthday that he is open to receiving BTC donations.

What Happened: In an X post on Sunday, Schiff stated that he transferred his strategic Bitcoin reserve meme coins to a hardware wallet and prefers Bitcoin gifts.

He jokingly said that he is looking to grow his reserve in a budget-neutral way following the U.S. government steps.

His X post included a wallet address, which users quickly inspected, revealing a modest 0.0494 BTC balance.

When one user mocked the amount as "poor," Schiff quipped: "This is what I've accumulated in a budget-neutral way. I plan to acquire more at no incremental cost to myself."

Community Reactions:

Crypto trader Walker slammed Schiff for being a Bitcoin critic and yet asking for BTC donations to his reserve and not gold.

Bitcoin strategist Dylan LeClair quipped, "Selling gold to buy Bitcoin is budget neutral, Peter."

Schiff, sticking to his long-held beliefs, responded: "I have to pay gold to buy Bitcoin. Gold is money; Bitcoin is just a digital collectible that's not very scarce."

When asked about rumors of a strategic Bitcoin reserve on Solana SOL/USD, Schiff denied any affiliation but admitted to holding Solana in his personal crypto stockpile.

He even provided an address for those willing to help him grow his SOL holdings.

Also Read: Bitcoin Could Replace Tesla In ‘Magnificent 7’ To Boost Returns, Reduce Volatility: Standard Chartered

Why It Matters: This move comes just days after Schiff slammed strategic Bitcoin reserves as a "scam" designed to lure Americans into crypto. He also criticized meme coins like TRUMP as products of misplaced hype.

Earlier in March, Schiff attacked governments for investing in digital assets, calling them a waste of resources and a diversion from real wealth creation.

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