- It appears that prominent Bitcoin (BTC) critic Peter Schiff is requesting payment in BTC for his newly launched gold ordinals.
- Ordinals, claiming the significance of only 50 digital collection pieces compared to the 21 million Bitcoin supply, have been introduced as more important than Bitcoin.
- Over time, Peter Schiff has consistently criticized Bitcoin and attached various labels to the leading digital asset.
Peter Schiff, known as a Bitcoin critic, asked for payment in Bitcoin for his Golden ORdinals, causing surprise among the community.
Shocking Move from Bitcoin Critic Schiff
A surprising move comes from Bitcoin critic Peter Schiff, who is now requesting payment in Bitcoin for his Gold Ordinals. On Wednesday, Peter Schiff advised his followers to purchase “overpriced” Bitcoin with their Bitcoins to acquire the Bitcoin Ordinals named “Golden Triumph.”
These Ordinals are a series of Non-Fungible Token (NFT) art collections introduced last year, involving collaboration on the Bitcoin network. Ordinals attempted to promote them as more important than Bitcoin by stating that there are only 50 digital collection pieces compared to the 21 million Bitcoin supply.
His post garnered reactions from members of the crypto community, and Blockstream CEO Adam Back also voiced his opinion. Despite generally criticizing Peter Schiff’s assets, Back supports Bitcoin Ordinals.
Over time, Peter Schiff has consistently criticized Bitcoin and attached various labels to leading digital assets. With the launch of spot Bitcoin ETFs, he explicitly defined this leading crypto asset as a failed digital asset by emphasizing its speculative nature. He also claimed that the approval of a series of Bitcoin ETFs by the U.S. Securities and Exchange Commission was not sufficient to confirm the legitimacy of money.
In the days following the approval of spot Bitcoin ETFs, Schiff predicted a tough time for Bitcoin. Coincidentally, BTC’s price was also in poor momentum at the same time. As the market value of Bitcoin fell, Peter Schiff stated that those who invested in these Bitcoin ETFs first were likely to regret it.
Bitcoin Price Quickly Recovered
Bitcoin’s price quickly recovered and reached new levels not seen in a long time, even testing recent All-Time High (ATH) levels. As someone who likes to have an opinion on cryptocurrency matters, Schiff quickly informed his community that the Bitcoin rally was not just another classic pump and dump.
This latest request for Gold Ordinals may suggest a change in his attitude towards Bitcoin and other cryptocurrencies. The coming days will likely reveal Schiff’s true sentiments towards the flagship cryptocurrency.
