Key Points:
The crypto community’s response has been divided, with individuals usually perplexed, amused, and welcome, particularly Ordinals supporters or those willing to point out the obvious hypocrisy.
For years, Schiff has openly criticized cryptocurrency, particularly Bitcoin, at every opportunity, with his arguments largely focusing on BTC being a Ponzi scheme with no intrinsic value.
Despite this, Schiff launched the “Golden Victory” collection on May 27 through a Twitter thread co-created with one of his 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,” he said.
The Golden Victory features the original painting (oil on linen – 48 x 60 inches) signed by both artists and copies numbered 1 through 50, according to the link given by Peter Schiff. Each print has a one-of-a-kind Signature etched on the Bitcoin blockchain.
The auction will begin on June 2 and conclude on June 9. The first auction is for originals, while the second is for both originals and copies. On June 9, Peter and the artist attended the New York auction (295 Madison Ave, NY).
In addition to criticizing Bitcoin, Peter Schiff pointed out two years ago that NFTs are fictitious assets that provide nothing more than ownership of digital pictures that may be “infinitely copied” online.
He replied “Correct” to the question in a comment on Twitter” “So… it’s valuable to put your “gold” inscriptions on #Bitcoin, but bitcoin itself is not valuable?.”
The quick shift in perception is comparable to that of former US President Donald Trump, who vigorously criticized crypto before becoming engaged with NFTs. Previously, before revealing the licensed Trump Digital Trading Cards collection, Trump promised a big surprise, which MAGA fans mistook for a political statement.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
This website uses cookies.