- Peter Schiff moved his Bitcoin Strategic Reserve to a hardware wallet, inviting contributions via a public wallet.
- Despite past skepticism, Schiff embraces Bitcoin, sparking debate on his true intentions.
Peter Schiff, long known for his staunch criticism of Bitcoin [BTC], appears to be shifting his stance—at least on his 62nd birthday.
Instead of the usual birthday gifts, Schiff surprised the crypto community by revealing that he now wants Bitcoin in a hardware wallet.
Peter Schiff’s shocking Birthday gift demand
In a recent X (formerly Twitter) post, he announced that he successfully transferred his Bitcoin Strategic Reserve from exchange to a hardware wallet, signaling an unexpected embrace of the very asset he once dismissed.
He said,
“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.”
This move has sparked speculation about whether Schiff’s perspective on Bitcoin is evolving, or if this is merely a pragmatic decision in response to market trends.
What’s more?
He also shared his wallet address in an X post, inviting contributions while making it clear that these are not personal donations.
Instead, he insists the funds are strictly for the reserve, which he has vowed never to touch or sell.
Source: Peter Schiff/X
Beyond Bitcoin, Schiff remains true to his gold-backed ideology, openly accepting PaxGold and Tether Gold as well.
Interestingly, his reserve began as a satirical jab at the U.S. government’s plans for a strategic financial reserve, but it has since taken on a life of its own.
So far, it has amassed over $4,500, primarily from small contributions.
Despite his history of skepticism, Schiff now embraces the Bitcoin ethos in his own way, even declaring,
“My strategy is to go down with the ship, like a true HODLer!”
Community mocks
As expected, the entire crypto community was shaken by this shift in attitude as noted by user Wabi Wabi, who said,
“@grok I thought this dude hated bitcoin, is he now accepting bitcoin donations lmao?”
Adding to the fray was another user who said,
“Selling gold to buy bitcoin is budget neutral, Peter.”
The mocking continued and was aptly summed when another X user added,
“stop begging for btc lmaooo. u have been anti btc your whole life and now u begging for it? average gold maxi.”
Schiff’s contradicting view on Bitcoin
Schiff’s evolving stance on Bitcoin comes at a time when market dynamics are shifting rapidly.
His latest claims about China offloading $100K worth of BTC in January align with his ongoing skepticism about the crypto market’s stability.
Additionally, his criticisms of the close ties between the crypto industry and the U.S. administration—along with the Trump family’s involvement in digital assets—make his recent embrace of a Bitcoin reserve all the more unexpected.
BTC price action
Meanwhile, Bitcoin itself is showing renewed strength, trading at $86,952.51 after a 3.91% surge in the past 24 hours, according to CoinMarketCap.
This marks a significant recovery, especially considering BTC’s prolonged struggle to break past the $85K resistance level.
Whether Schiff’s reserve is a true shift in belief or just another strategic play remains to be seen, but it certainly adds another layer of intrigue to Bitcoin’s ongoing narrative.
