Crypto skeptic and prominent financial commentator Peter Schiff unveiled an April Fools’ Day prank regarding his Bitcoin (BTC) reserve fund, revealing the experiment was ultimately unsuccessful. 🎤
Schiff initially pledged to match all donations to his BTC reserve, but only received a meager $45 from four individuals. The lack of substantial support prompted him to admit it was simply a playful ruse intended as an April Fool’s Day prank.
His campaign aimed to highlight the difficulties in accumulating Bitcoin in a budget-neutral manner without incurring any extra cost. Schiff argued that this lackluster response indicates a struggle to amass Bitcoin through such a method, a point he further emphasized through his comment on the US government’s newly established Strategic Bitcoin Reserve, which aims to maintain a static holding of crypto without buying or selling.
While Schiff’s perspective raises questions about the future success of the US government’s initiative, whether his prediction is accurate remains open for debate. 🧐