Peter Schiff stated on social media that he is developing a budget-neutral strategy to acquire Bitcoin without increasing his own costs. He publicly shared a donation address, inviting fans to contribute to his reserves. Peter Schiff emphasized that he will not sell any donated Bitcoin, stating:
“The Bitcoin in my strategic reserves is acquired through a budget-neutral strategy without increasing my own costs, and this Bitcoin will not be sold. This will prove that Bitcoin reserves are a bad idea. I will go down with this ship to ensure that others do not board.”
So far, he has received nearly 0.055 BTC (worth over $4,600) and mentioned that he has ordered a Trezor hardware wallet, intending to use it to store this asset.
