Peter Schiff Shocks Crypto Community After Bitcoin NFT Announcement

A long time bitcoin hater Peter Schiff seems to finally have a change of heart as he announced to drop an NFT collection on the Bitcoin network.

One of Bitcoin’s most vocal skeptics who has spent the last decade trying to convince Bitcoiners that BTC is worthless is bullish on Ordinals.

Economist and an adamant gold proponent unveiled a collaborative nonfungible token (NFT) art collection on Bitcoin that will soon go up for auction. Schiff’s announcement shocked the crypto community with his announcement to say the least.

Crypto Community Reacts To Peter Schiff’s Announcement

Cryptp Twitter expressed shock and confusion on the economist’s announcement. Some even checked if his account was hacked as it was so hard to believe. Crypto entrepreneur Anthony Pompliano tweeted, “Welcome, Peter. We have been awaiting your arrival.” To which Schiff replied, “I haven’t arrived yet. But here’s your chance to buy something to commemorate what you hope will be the early days of Bitcoin, and its most steadfast critic. If I’m wrong, these signed, original prints may have a lot of value one day.”

Peter Schiff Says He Is Still Not The Member of The Club

Even after announcing his entry into blockchain and bitcoin with his NFT collection, Schiff has not completely changed his mind on the leading cryptocurrency. “This is art, and it’s a tribute to gold. But there is something here for Bitcoiners as well. But I’m still not a member of that club,” Peter Schiff tweeted. When a twitter user asked if he thinks it is valuable to put your gold inscription on bitcoin, but bitcoin itself is not valuable? Peter Schiff answered, “Correct.”

As per Schiff’s announcement, the NFT collection in collaboration with Market Price features the original painting “Golden Triumph” as well as a series of prints and Ordinals inscribed on the bitcoin blockchain.

Jai Pratap is a Crypto and Blockchain enthusiast with over three years of working experience with different major media houses. His current role at CoinGape includes creating high-impact web stories, cover breaking news, and write editorials. When not working, you’ll find him reading Russian literature or watching some Swedish movie.

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