Peter Schiff asks Bitcoin for his birthday in the last Jab at Crypto -Industrie

Peter Schiff did not want any gifts for his 62nd birthday yesterday.

Instead, he wants Bitcoin for his new Bitcoin Strategic Reserve, which he has finally managed to transfer from an exchange to a hardware wallet, according to one after On X.

Schiff, an old financial commentator who was one of the few that predicted the economic crash of 2008 and a founder of Euro Pacific Asset Management, launched his so-called reserve earlier this month as a Tong-in-Wang JAB in the Plans of the US Government to introduce one.

So far, Schiff’s Reserve Has collected more than $ 4,500, usually from small donations. And despite his long history of Bitcoin -Scepsis, he insists that he is in the long term and claims that his strategy is “to go with the ship, like a real Hodler!”

Schiff is one of the loudest critics of the Trump government plans for an American strategic Bitcoin reserve or a reserve with cryptocurrencies.

Instead, he argues for strengthening existing reserves in gold – Schiff really likes gold or oil.

“The more money a country distracts to crypto, the less capital it has to finance the production of real goods and legitimate wealth creation. The worst thing a government can do is encourage or subsidizing this waste,” he written On March 7.

Schiff has also called what he sees as a pleasant relationship between the crypto industry and the current US government, as well as his own cryptocurrency companies of the Trump family.

He branded The recent Crypto top of the White House a “shame” and “national shame”.

Last week, he claimed That the Bitcoin Strategic Reserve initiative was nothing more than a way for the crypto industry to lure more Americans to speculative losses.

“Thanks to Trump, more Americans will lose more money in crypto than in earlier speculative mania in history. The $ Trump Meme Coin, more than 80%, is a perfect example,” he said.

Despite a short peak at the weekend when Trump posted About the token on Truth Social, the meme coin has fallen by 84.1% Coentecko. It currently trades at $ 11.67, an increase of 7.7% in the last 24 hours, but still far away from its peak.

Published by Sebastian Sinclair