Bitcoin villain Peter Schiff turned? Announcing the establishment of a personal BTC reserve, he actually received 0.05 free airdrops

Peter Schiff, a long-time critic of bitcoin and founder of precious metals trader SchiffGold, announced on social platform X on March 8 that he would follow the example of the US government and create his personal bitcoin strategic reserve without increasing costs. (Synopsis: Peter Schiff bombs Trump Crypto Summit: "Shame on America"!) The White House was kidnapped by crypto factions) (Background added: Bitcoin villain Peter Schiff admits BTC is digital gold for the first time, but criticizes XRP: Ripple has strategic reserve significance? U.S. President Donald Trump formally signed an executive order last week, announcing the establishment of a strategic reserve and a digital asset reserve for bitcoin. However, in this plan, the Trump administration did not plan to use government public funds to buy bitcoin as the market had expected, but used the bitcoin confiscated by the United States as a strategic reserve. While he asked the Treasury and Commerce Secretaries to develop a budget-neutral strategy for acquiring additional bitcoin without increasing costs to U.S. taxpayers, more time is expected to be needed. Bitcoin villain builds personal bitcoin reserve In this context, Peter Schiff, a long-critical bitcoin villain and founder of precious metals trader SchiffGold, announced on X over the weekend that he would follow the example of the US government and create his personal bitcoin strategic reserve without increasing costs, and released a wallet address inviting the community to contribute to its reserve plan: I decided to create my own Bitcoin strategic reserve, just like the U.S. government. I'm working on a budget-neutral strategy to acquire Bitcoin without increasing costs. The first step in my strategy is to invite people to contribute to my reserve: 3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX. I've decided to create my own Strategic Bitcoin Reserve. Just like the U.S. government, I'm developing a budget-neutral strategy for acquiring my bitcoin at no incremental cost. Phase one of my strategy is inviting contributions to my reserve.3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX — Peter Schiff (@PeterSchiff) March 8, 2025 original Peter Schiff's sarcasm did not garner community support, saying in a tweet later on March 8 that his budget-neutral Bitcoin reserves remained zero because no one donated bitcoin to him. Some even simply sent SOLs to their Solana wallet address to support their SOL strategic reserve. Unexpectedly, on March 9, Peter Schiff revealed in an interaction with the community that in one day, his wallet actually received $4,200 worth of bitcoin (the price was about 0.05 BTC at the time). Bitcoin reserves are a bad idea A closer look at Peter Schiff's tweet shows that his "performance art" is actually a mockery of Bitcoin and the Bitcoin reserves established by the US government. He is actually not optimistic about bitcoin or the US plan to build a bitcoin reserve, thinking that it will be like a ship sinking and ultimately failing: I take a budget-neutral strategy, and I will never sell the strategic reserve bitcoin that I get without increasing any cost. It will illustrate why Bitcoin reserves are a bad idea. I'm going to sink with the ship so that others can't get on board. None of the Bitcoin in my Strategic Reserve, acquired at no incremental cost to myself, using my budget-neutral strategy, will be sold. It will show why a Bitcoin reserve is a bad idea. I'm going down with the ship so others never get on board.3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX — Peter Schiff (@PeterSchiff) March 9, 2025 Related Stories Bitcoin villain Peter Schiff: Trump's support for BTC will only weaken the US economy and waste billions of tax dollars The crash is coming! Gold boss Peter Schiff: Market expectations for interest rate cuts have bubbled up "the Fed should raise interest rates", bitcoin cannot be used as a US reserve There is a second wave of panic selling? Bitcoin villain Peter Schiff: Spot ETF opens tonight waiting to see "Bitcoin villain Peter Schiff turns? Announcing the establishment of a personal BTC reserve, actually received 0.05 free airdrops" This article was first published on BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".