Bitcoin Critic Peter Schiff Seeks Donations to Grow BTC Reserve, Sparking Sarcastic Reactions

Bitcoin skeptic Peter Schiff has unexpectedly drawn attention after posting on X (formerly Twitter) about growing his Bitcoin reserve, which currently holds less than $5,000 in BTC. Schiff, a long-time critic of the leading cryptocurrency and staunch gold advocate, surprised the crypto community by sharing a BTC wallet address and encouraging public donations—offering to match each one received within the day.

The reserve, inspired by the U.S. government's asset acquisition strategy, was built entirely through donations. Schiff emphasized he has never personally purchased Bitcoin, sticking to his anti-BTC stance despite the recent initiative. His post, while seemingly sarcastic, led to speculation that Schiff may be warming up to Bitcoin’s potential, contradicting his typical dismissive rhetoric.

Crypto users on X reacted with sarcasm and mockery, questioning Schiff’s motives and pointing out the irony of him requesting Bitcoin despite consistently promoting gold as the superior store of value. Some urged him to share a “gold address” instead, while others suggested he is taking advantage of Bitcoin's decentralized and easily transferable nature—unlike physical gold.

Interestingly, while the reserve received a few Bitcoin donations, most contributions reportedly came in Solana (SOL), as highlighted by U.Today.

The move has fueled debates about whether Schiff is genuinely exploring Bitcoin’s utility or simply continuing his ongoing critique with a satirical twist. Regardless, the post has once again placed Schiff in the spotlight of the crypto conversation, generating buzz across social media platforms.

This incident underscores the complex relationship even outspoken crypto critics have with Bitcoin and how public sentiment can shift as digital assets continue gaining mainstream attention.