Peter Schiff Requests Bitcoin Gifts for 62nd Birthday

On his 62nd birthday, Peter Schiff, a well-known Bitcoin critic, surprisingly requested Bitcoin donations instead of traditional gifts, launching a 'Bitcoin Strategic Reserve' as a satirical response to the U.S. government's plans for a similar initiative. Despite his long-standing skepticism of cryptocurrencies, Schiff has moved his Bitcoin holdings from an exchange to a hardware wallet for transparency, claiming to build his reserve in a 'budget-neutral way.' As of now, his reserve has accumulated about 0.05 BTC, valued at over $4,500, primarily from small contributions. Schiff maintains that these contributions are not personal gifts, emphasizing his commitment to never sell or use the Bitcoin personally. He continues to advocate for gold over crypto, criticizing the government's role in promoting digital assets as a misallocation of resources. This unexpected request highlights the complexities of Schiff's views on Bitcoin and the evolving landscape of cryptocurrency adoption.