Peter Schiff, known for his anti-Bitcoin reaction, reacted when he said that he would create an NFT collection on the Bitcoin network.
Peter Schiff, who has been an advocate for gold and opposed to Bitcoin for many years, announced that he will create a new NFT collection. However, this collection will be processed into the Bitcoin network. Saying that he will publish NFT using Bitcoin Ordinals, Schiff drew the reaction of the crypto community.
Peter Schiff to Launch NFT on Bitcoin Network
Peter Schiff, who has been harshly critical of Bitcoin (BTC), chose the Bitcoin network for his NFT collection. Bitcoin maximalists gave amusing responses to this news, which he announced on Twitter. A Twitter user responded to Schiff as a welcome aboard. However, Schiff said that he has not yet moved to this side, he just created an NFT collection. Schiff’s collection was called “Golden Triump”. This collection includes gold-based designs.
I'm pleased to announce an art project with one of my favorite artists, Market Price. This collaboration features the original painting “Golden Triumph” as well as a series of prints and Ordinals inscribed on the #Bitcoin blockchain. For information go to https://t.co/lEFJmgYTCk pic.twitter.com/vyoErYv39q
— Peter Schiff (@PeterSchiff) May 26, 2023
The crypto community thought Schiff’s Twitter account had been hacked. Because Schiff has been harshly critical of Bitcoin until now.
Crypto entrepreneur Anthony Pompliano said, “Welcome aboard, we’ve been waiting for your arrival.” said. To this response, Schiff replied, “But here is your chance to buy something you hope to be in the early days of Bitcoin and to commemorate its most determined critic. If I’m wrong, these signed, original prints could one day be invaluable.” replied in the form.
Showcasing his transition to blockchain and Bitcoin as usage with his NFT collection, Schiff states that it is an art and has not yet returned to Bitcoin.
Reactions from many Bitcoin maximalists also rose. One user commented, “I liked it better that you stayed away from Bitcoin. Now another scammer…” he said. Schiff explained that his project is not a scam and that people can buy this original art if they want.”