Probably the biggestBitcoin (BTC) and cryptocurrency skeptic, the most vocal is for sure Peter Schiff, provided an update to his April Fools' Day request for BTC donations. As it turns out, the financial expert was just pranking, or even conducting an experiment, to be exact.
For those not aware, yesterday, April 1,Peter Schiff said that he will match all the funds incoming to his own Bitcoin reserve. This statement was made with respect to the fact that the crypto skeptic never purchased any Bitcoin himself, according to his own words.
card
As a result, however, Schiff received just about $45 in BTC from four people only. Was it a strategy to somehow cover up the failure of the campaign or indeed a joke? Schiff said that the whole initiative was just an "April Fool's prank." Those few who donated to hisBitcoin reserve "were fooled."
Only four people donated about $45 worth of Bitcoin to my Strategic Bitcoin Reserve yesterday. The part about matching donations was an April Fool's prank. Few were fooled. This just shows how difficult it is to accumulate Bitcoin in a budget neutral way at no incremental cost.
— Peter Schiff (@PeterSchiff) April 2, 2025
Schiff took a dig at U.S. policy regarding the Strategic Bitcoin Reserve, which was implemented previously this year. As a reminder, the U.S. government said that it will form a reserve of cryptocurrency with a strict rule of not selling any, but also not buying it.
card
Based on his own experiment, Schiff stated that the lack of donations flowing into his reserve showed how difficult it is to accumulate Bitcoin in a budget-neutral way at no incremental cost. Thus, for him, the government's new initiative is destined for failure, as the U.S. does not plan to buy anyBTC itself.
If the final thesis is far-fetched, or Peter Schiff has some wisdom in his words, remains open for speculation.
