Well, well, well… Peter Schiff, the self-proclaimed Bitcoin bear, has had an unexpected change of heart. On Wednesday, he took to X (formerly Twitter) with a bold new request—he’s asking his followers to donate Bitcoin to his “Strategic Bitcoin Reserve.” Yes, you heard that right. The man who’s spent years trashing Bitcoin is now saying, “Hey, prove me wrong and send me some of that sweet, sweet BTC.” 👀
“Due to Bitcoin’s rally, the current market value of my Strategic Bitcoin Reserve has risen above $5,000 for the first time. To donate to my reserve to help prove me wrong that a Bitcoin reserve is a bad idea, here’s the wallet address.”
bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97— Peter Schiff (@PeterSchiff) April 24, 2025
And Now, The Bitcoin Skeptic Wants In
What’s next? Will Schiff start a YouTube channel to teach us all how to “HODL” too? After sharing his wallet address, Schiff has received a grand total of $20 worth of Bitcoin. Wow, what a game-changer. The man has practically seen the light… or maybe he’s just feeling a bit of that FOMO. 🤷♂️
It’s funny how quickly someone can change their tune when the market starts behaving like a real bull. The man who spent his career warning us that Bitcoin was a “bubble” now finds himself clutching a small stash of it. Hilarious, right? A little “I told you so” from the Bitcoin crowd, perhaps? 😏
The FOMO Is Real—Even For Peter Schiff
Just last week, Peter called Bitcoin a “fraud” and mocked Michael Saylor for betting big on the cryptocurrency. Saylor, meanwhile, has gone full throttle, buying up Bitcoin like it’s going out of style. And the man’s stock? Oh, it’s skyrocketed. His Nasdaq stock price has 10X’d in the past two years. Talk about proving a point. 📈
But now Peter Schiff, the king of bearish crypto rants, is playing the long game. In a reply to his own post, he declared, “I’m never selling my Bitcoin.” Sure, Peter. We totally believe you. 😅
“I’m not making any money. I’m never selling what’s in that reserve.”
— Peter Schiff (@PeterSchiff) April 24, 2025
And then, in one of the top replies, someone asked Peter if he was going to use his new stash to fund more of his wife’s music videos. (Yes, you read that right—his wife has music videos. Please, hold your laughter.) Schiff just repeated, “I’m never selling.” I guess we’ll have to wait and see. Maybe the next big Bitcoin donation will go towards the next hit single from the band “Laughing Cats,” which, let’s be real, sounds like the name of a meme coin. 🎶😂
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2025-04-26 12:38