Peter Schiff, a gold fanatic who is widely known for his skeptical views on Bitcoin, has moved the cryptocurrency community actively promoting a unique set of Bitcoin NFTs known as Golden Triumph ordinals.
Peter Schiff, a gold fanatic who is widely known for his skeptical views on Bitcoin, has moved the cryptocurrency community actively promoting a unique set of Bitcoin NFTs known as Golden Triumph ordinals.
This development has left many wondering whether Schiff, a long-time critic of the digital currency, has changed his stance or is simply capitalizing on the growing interest in non-fungible tokens (NFTs) on the Bitcoin blockchain.
Schiff’s Sudden Adoption of Bitcoin Ordinals
At the center of this controversy is the innovative concept of Bitcoin ordinals, a system that allows digital content to be embedded in individual satoshis on the Bitcoin blockchain.
They offer a new way to use the Bitcoin network beyond its original design as a peer-to-peer electronic cash system.
Through a series of posts, Schiff announced the sale of six Golden Triumph ordinals, emphasizing their scarcity and potential for significant value appreciation.
With sales already underway and prices of these ordinals rising rapidly, Schiff’s promotion has sparked a flurry of activity and speculation within the cryptocurrency community.
According to Schiff, the rapid sale of these items, at prices ranging from $4,500 to almost $10,000, has generated high demand.
Skepticism and accusations of hypocrisy
The cryptocurrency community’s reaction to Schiff’s promotion has been a mix of skepticism, accusations of hypocrisy, and outright disbelief.
Many question Schiff’s motives, wondering if he has covertly invested in Bitcoin despite his public criticism.
The promotional activity has led to a flurry of comments from various quarters, including humorous remarks, direct accusations of scamming, and calls for transparency regarding Schiff’s actual stance on Bitcoin.
The situation has fueled a debate over the credibility of vocal Bitcoin critics engaging in seemingly contradictory activities.
