Peter Schiff’s Birthday Surprise: Bitcoin Gifts Instead of Cake! 🎂💰

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Well, well, well, if it isn’t Peter Schiff, the man who once likened Bitcoin to a digital version of Monopoly money, now making headlines for his new “Strategic Bitcoin Reserve.” I mean, who knew that turning 62 would come with a side of irony? It’s like finding out your grumpy uncle has taken up interpretive dance. 🎉

Earlier this month, in a move that can only be described as “budget-neutral” (a phrase that sounds suspiciously like something the U.S. government would say), Schiff announced he’s moving his Bitcoin holdings from an exchange to a hardware wallet. Because nothing says “I’m transparent” quite like hiding your money in a digital safe. 🏦

And here’s the kicker: instead of asking for the usual birthday gifts—like socks or a new set of golf clubs—he’s inviting people to contribute Bitcoin to his reserve. But wait! Before you rush to send him your life savings, he’s quick to clarify that these contributions are not for him personally. No, no, they’re going into the reserve, which he promises he will never touch or sell. Right. And I’m the Queen of England. 👑

For transparency, I moved my Strategic Bitcoin Reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build my reserve in a budget-neutral way, just like the U.S. government, in lieu of gifts, I’m accepting Bitcoin.
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— Peter Schiff (@PeterSchiff) March 23, 2025

Now, let’s give credit where credit is due. It’s a clever way to build his holdings without spending a dime. I mean, who wouldn’t want to fund a birthday party for a guy who’s spent years telling us that cryptocurrency is a bubble waiting to burst? He’s even open to receiving PaxGold or Tether Gold, which really drives home his cautious stance on Bitcoin. Because nothing says “I trust this” like diversifying your digital assets. 💸

SOL too

And just when you thought it couldn’t get any more convoluted, enter Solana. Schiff has started collecting it, but don’t get too excited—he’s keeping it separate from his Bitcoin reserve. He’s calling it his “Crypto Stockpile,” which sounds like something you’d find in a doomsday prepper’s basement. For now, it remains in his exchange wallet, because why not keep your eggs in multiple baskets? 🥚

As of now, his Bitcoin reserve holds a whopping 0.05 BTC, worth around $4,200. Not exactly a fortune, but for someone who’s spent years criticizing cryptocurrency, it’s a fascinating twist. It’s like watching a cat suddenly decide it loves water—confusing, yet oddly entertaining. 🐱💦

So, while Schiff’s approach is a delightful mix of skepticism and pragmatism, it serves as a great reminder that even the loudest critics can’t ignore the growing influence of Bitcoin. Who knows? Maybe next year he’ll be asking for Ethereum instead of a new set of golf clubs. Or maybe just a nice pair of socks. 🧦

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2025-03-23 18:27