Peter Schiff, an individual who has been historically critical of cryptocurrencies, is gearing up to release a collection of Bitcoin NFTs called ‘Golden Triumph’. Despite his previous comments about NFTs being “worthless” and easy to duplicate, Schiff has collaborated with Market Price, an artist he admires, to bring this 51-piece collection to the market.
The collection will be auctioned on 1Marketprice’s website, starting on June 2 and concluding on June 9. The auction will consist of two parts. First, a unique piece of artwork on oil linen canvas, accompanied by an NFT, will be sold to the highest bidder. In the second part, bidders will compete for 50 limited prints of the same artwork, each paired with a Bitcoin Ordinal NFT. The highest bidder will receive NFT number 1, while the next 49 highest bidders will receive NFTs numbered 2 to 50 in descending order.
Upon announcing this partnership and collection, Schiff’s followers, as well as his critics, expressed their surprise on Twitter. Memes and comments flooded the platform, showcasing confusion about his involvement in Bitcoin.
Interestingly, Schiff still appears hesitant about fully embracing Bitcoin. In response to inquiries about his allegiance to Bitcoin, he stated, “There is something here for Bitcoiners. But I’m still not a member of that club.”
One notable interaction occurred between Schiff and a user named @lonestarbitcoin. The user questioned the value of putting “gold” inscriptions on Bitcoin while claiming that Bitcoin itself lacks value. Schiff simply replied, “Correct.”
Peter Schiff, an American stock broker, commentator, and online personality, is renowned for his involvement in the precious metals market through Schiff Gold. His upcoming NFT collection revolves around the theme of gold, reflecting his interest in the subject. Despite his historical stance against cryptocurrencies, including Bitcoin and NFTs, Schiff has expressed his skepticism towards these technologies in various blog posts and interviews, comparing Bitcoin to the Tulip Mania bubble rather than recognizing it as the next gold.