Gold bull Peter Schiff, who has been a vocal opponent of Bitcoin BTCUSD on Saturday, has announced his foray into the realm of non-fungible tokens NFTs What Happened.
His collection will also feature the original painting Golden Triumph, and a number of prints and Ordinals that will be inscribed on the Bitcoin blockchain.
A Stay at the Floating Palace from James Bond's Octopussy Why It Matters is a highly respected opinion that Bitcoin lacks its inherent value and utility, often comparing it unfavorably to gold, which he views as a more reliable store of wealth.
Binance CEO Changpeng Zhao greeted Schiff's news, tweeting, Seeing Peter Schiff convert makes me happy. He added, I haven t converted, stating: I haven t converted. An original oil painting and limited edition signed prints. The Ordinals add value to the art by making it easier to prove its authenticity. If I'm wrong on Bitcoin, then the Ordinals themselves could have extra value. Crypto podcaster Peter McCormack, chimed in, tries to persuade Schiff to connect the dots regarding the value of blockchain technology, which Schiff responded to by saying, I have a love-hate relationship with the Bitcoin community. So maybe this is a bit of an olive branch. It s not without meaning that the art depicts a bar of gold. Bitcoin was trading at $28,125, up 3.83% in the last 24 hours, according to Benzinga Pro.
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