Peter Schiff, president of Euro Pacific Capital and a critic of Bitcoin, announced his own collection of non-fungible tokens (NFTs) based on the world’s first cryptocurrency.
I’m pleased to announce an art project with one of my favorite artists, Market Price. This collaboration features the original painting “Golden Triumph” as well as a series of prints and Ordinals inscribed on the #Bitcoin blockchain. For information go to https://t.co/lEFJmgYTCk pic.twitter.com/vyoErYv39q
— Peter Schiff (@PeterSchiff) May 26, 2023
“I am pleased to announce an art project with one of my favourite artists — Market Price. Our collaboration includes the original painting ‘Golden Triumph’, a series of prints and Ordinals on the Bitcoin blockchain,” he wrote.
The collection contains 50 numbered images, each signed by Schiff and the artist. Each lot includes a unique Ordinal based on Bitcoin.
Trading begins on June 2 and ends a week later, June 9. The auction will be conducted in two stages: first, the physical painting ‘Golden Triumph’ will be sold, then the 50 NFT images.
Peter Schiff has long been a proponent of gold and a critic of Bitcoin. In August 2022 he predicted the price of the leading cryptocurrency would fall to $10 000, and in December he predicted a collapse of the asset below $5000.
Earlier in April 2023, Schiff praised the ChatGPT chatbot for choosing gold over Bitcoin.