In what seems like a parody but isn't, Economist, gold proponent and avid crypto skeptic Peter Schiff has unveiled a collaborative nonfungible token (NFT) art collection on Bitcoin that will soon go up for auction.
The reaction from the crypto community has been mixed, with people generally baffled, amused, welcoming — especially Ordinals proponents — or keen to point out the apparent hypocrisy.
its a hack right?did i just teleport to a different timeline?im so confusedFor years, Schiff has actively bashed crypto — especially Bitcoin (BTC) — at any chance he gets, with his arguments essentially revolving around BTC being a Ponzi-scheme that has no inherent value.
Despite all of that, Schiff unveiled the “Golden Triumph” collection via a May 27 Twitter thread, in collaboration with one of his “favorite artists” who goes by the pseudonym Market Price. “This collaboration features the original painting ‘Golden Triumph’ as well as a series of prints and Ordinals inscribed on the Bitcoin blockchain,” he wrote.Read more on cointelegraph.com