{"id":22353,"date":"2025-03-24T16:03:56","date_gmt":"2025-03-24T14:03:56","guid":{"rendered":"https:\/\/forklog.com\/en\/peter-schiff-amasses-4760-in-personal-bitcoin-reserve\/"},"modified":"2025-03-24T16:03:56","modified_gmt":"2025-03-24T14:03:56","slug":"peter-schiff-amasses-4760-in-personal-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/peter-schiff-amasses-4760-in-personal-bitcoin-reserve\/","title":{"rendered":"Peter Schiff Amasses ~$4760 in Personal Bitcoin Reserve"},"content":{"rendered":"<p>Peter Schiff, President of Euro Pacific Asset Management and a well-known critic of cryptocurrencies, announced on his 62nd birthday that he would accept Bitcoin as gifts to build his own digital asset reserve.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">For transparency, I moved my Strategic Bitcoin Reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build my reserve in a budget-neutral way, just like the U.S. government, in lieu of gifts, I&#8217;m accepting Bitcoin.<br \/>bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1903780289769337068?ref_src=twsrc%5Etfw\">March 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;For transparency, I moved my strategic BTC reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build the fund in a budget-neutral way, like the U.S. government, I am accepting Bitcoin instead of gifts,&#8221; Schiff wrote.<\/p>\n<\/blockquote>\n<p>At the time of writing, donations had brought the amount on the entrepreneur&#8217;s <a href=\"https:\/\/www.blockchain.com\/explorer\/addresses\/btc\/bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97\">address<\/a> to 0.053 BTC (~$4760). Among those who contributed cryptocurrency to the Bitcoin skeptic&#8217;s wallet was <a href=\"https:\/\/x.com\/OurielOhayon\/status\/1903782698532942186\">Ouriel Ohayon<\/a>, co-founder of <a href=\"https:\/\/forklog.com\/en\/news\/zengo-wallet-challenges-hackers-with-10-btc-bounty\">Zengo Wallet<\/a>.<\/p>\n<p>Earlier in March, President Donald Trump ordered the creation of a national crypto reserve, which would include Bitcoin, Ethereum, as well as SOL, XRP, and ADA.<\/p>\n<p>Schiff <a href=\"https:\/\/forklog.com\/en\/news\/peter-schiff-accuses-donald-trump-of-largest-crypto-scam\">criticized<\/a> the president&#8217;s initiative and called for an investigation. He considered Trump&#8217;s decision part of a Pump &#038; Dump scheme aimed at &#8220;helping his family and friends make millions.&#8221; The entrepreneur noted that if such actions involved stocks, they would be deemed illegal, but in the realm of digital assets, they are somehow considered legal.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">If President <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\">@realDonaldTrump<\/a> used Truth Social to manipulate stocks to help his family and friends make millions, it would be illegal and he could be impeached. But with crypto it&#8217;s perfectly legal. That may be another reason he did a complete 180 to become the crypto president.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1896330889912856782?ref_src=twsrc%5Etfw\">March 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;That may be one of the reasons Trump did a complete 180 to become the crypto president,&#8221; Schiff wrote.<\/p>\n<\/blockquote>\n<p>On March 8, he announced the creation of his own Bitcoin reserve.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;ve decided to create my own Strategic Bitcoin Reserve. Just like the U.S. government, I&#8217;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.<br \/>3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1898180216641798331?ref_src=twsrc%5Etfw\">March 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The entrepreneur posted with a clear reference to <a href=\"https:\/\/forklog.com\/en\/news\/trump-establishes-u-s-strategic-bitcoin-reserve\">Trump&#8217;s order<\/a> to form a national crypto fund from assets confiscated by the Treasury in criminal and civil cases:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Like the U.S. government, I am developing a budget-neutral strategy for acquiring my bitcoins without additional costs.&#8221;<\/p>\n<\/blockquote>\n<p>Schiff, who consistently predicts the downfall of the first cryptocurrency, ironically noted that as a &#8220;true hodler,&#8221; he would hold onto the assets until the end.<\/p>\n<p>He then <a href=\"https:\/\/x.com\/PeterSchiff\/status\/1898754823379435728\">announced<\/a> that he had ordered a Trezor hardware wallet for self-storage to ensure &#8220;maximum transparency&#8221; of his crypto reserve.<\/p>\n<p>Experts generally <a href=\"https:\/\/forklog.com\/en\/news\/experts-optimistic-about-industry-prospects-following-us-crypto-reserve-creation\">viewed<\/a> Trump&#8217;s crypto initiative positively. However, contrary to expectations, authorities in countries like Switzerland, Japan, and South Korea <a href=\"https:\/\/forklog.com\/en\/news\/south-korea-dismisses-idea-of-strategic-bitcoin-reserve\">rejected<\/a> the possibility of following the U.S. example.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff, President of Euro Pacific Asset Management and a well-known critic of cryptocurrencies, announced on his 62nd birthday that he would accept Bitcoin as gifts to build his own digital asset reserve. For transparency, I moved my Strategic Bitcoin Reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,1298],"class_list":["post-22353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-peter-schiff"],"aioseo_notices":[],"amp_enabled":true,"views":"60","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22353"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22352"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}