Peter Schiff praises his NFT collection as gold hits $3,726 ATH
Schiff made the move as he flaunted gold’s new all-time high of $3,726 in the faces of Bitcoiners, seizing the opportunity to promote his Golden Triumph Ordinals Set. Notably, Schiff claimed that the art collection is more scarce and valuable than the world’s largest cryptocurrency by market capitalization, Bitcoin.
The Golden Triumph Ordinals is a blockchain-based digital art collection of 50 one-of-a-kind digital inscriptions, launched on the popular NFT platform, Magic Eden. Crypto Market Prediction: Shiba Inu to Hit 2025's Bottom, XRP: Hope for $3 Recovery Not Lost, Bitcoin Not Losing $100,000, Yet Crucial XRP Metric Plunges to Zero, Shiba Inu Risks Further Losses, Dogecoin Price Falls Into Death Cross — Crypto News Digest, his decision to launch a digital art collection based particularly on the Bitcoin blockchain has raised eyebrows among crypto users.During the initial launch of the NFT collection, crypto users had suggested that Schiff might already be softening his stance on the leading cryptocurrency. However, his recent post further affirms that Schiff might never accept the idea behind Bitcoin’s invention.downplayed Bitcoin’s scarcity, noting that Bitcoin’s total supply, which is divisible across the global population, makes it accessible to everyone on the planet. As such, he emphasized that the digital art product is more scarce and valuable than Bitcoin, as only 50 Golden Triumph Ordinals will ever exist. As always, the Bitcoin skeptic issued an unsurprising piece of advice to the Bitcoin community, urging Bitcoiners to consider selling portions of their depreciating BTC to acquire the ordinals — a move that, according to him, could propel physical gold to more upsurge. Nonetheless, Schiff’s selective support of blockchain-based gold collectibles, as opposed to the first blockchain-based digital asset, has received criticism and displeasure among commentators, who argued that Schiff is promoting “shitcoins” over a long-viable cryptocurrency. The commentators find it inappropriate for Schiff to condemn blockchain when it supports Bitcoin, but praise it when it amplifies his pro-gold stance. Hence, many believe that Schiff might need to rethink his resentment towards Bitcoin. Crypto Market Prediction: Shiba Inu to Hit 2025's Bottom, XRP: Hope for $3 Recovery Not Lost, Bitcoin Not Losing $100,000, Yet Crucial XRP Metric Plunges to Zero, Shiba Inu Risks Further Losses, Dogecoin Price Falls Into Death Cross — Crypto News DigestSeoul Exchange, One of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs Crypto Market Prediction: Shiba Inu to Hit 2025's Bottom, XRP: Hope for $3 Recovery Not Lost, Bitcoin Not Losing $100,000, Yet Crucial XRP Metric Plunges to Zero, Shiba Inu Risks Further Losses, Dogecoin Price Falls Into Death Cross — Crypto News Digest
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Prediction for September 21Can traders witness drop of Bitcoin (BTC) to $114,000 zone next week?
Read more »
Senator Schiff refuses to succumb to pressure after latest Trump post singling him outThis is additional taxonomy that helps us with analytics
Read more »
Pennsylvania Governor Shapiro Calls for Unity, Condemns Political Violence in 'Meet the Press' InterviewPennsylvania Governor Josh Shapiro, during an interview on NBC's 'Meet the Press,' emphasized the importance of national unity and the need to universally condemn political violence. Shapiro reflected on the current political climate and its potential trajectory, advocating for healing and finding common ground, as well as discussing political challenges in the nation. He also addressed Vice President Kamala Harris's memoir and the evolving political landscape.
Read more »
Peter Schiff: 'Bitcoin to Crash' Even More TonightBitcoin might crash even more after US market opens, warns Peter Schiff
Read more »
Muslim group condemns white supremacist pamphlets in Pa. county, state police investigatingNo threats were made in the pamphlets, said state police.
Read more »
State representative condemns TXST's ousting of student caught mocking Kirk assassinationA Democratic state representative is pushing back after Texas State University ousted a student caught on camera mocking the assassination of Charlie Kirk.State
Read more »