Crypto critic Peter Schiff, known for his disdain towards cryptocurrencies and NFTs, has surprisingly revealed plans to launch his own NFT art collection based on Bitcoin.
Bitcoin Critic Peter Schiff Uses Ordinals for Art Project
Despite Schiff’s long-standing criticism of cryptocurrencies, particularly Bitcoin, which he has referred to as a Ponzi scheme with no intrinsic value, his foray into NFTs suggests a newfound appreciation for blockchain technology and its potential for verifying asset ownership, such as art. The upcoming two-part auction for the “Golden Triumph” collection is scheduled to begin on June 2 and end on June 9. Interestingly, while Schiff recognizes the value of inscribing “gold” on Bitcoin through the Ordinal NFTs, he maintains his belief that Bitcoin itself lacks value. This sharp shift in sentiment echoes the surprising involvement of former U.S. President Donald Trump, who, despite his prior criticism of crypto, ventured into NFTs with the launch of the Trump Digital Trading Cards collection in December 2022.