In an effort to mock President Donald Trump’s declaration, renowned economist Peter Schiff declared his own Strategic Bitcoin (CRYPTO: BTC) Reserve on Friday, promising not to sell any of it.
What Happened: Schiff took to X to explain the structure of the reserve.
“Just like the U.S. government, I’m developing a budget-neutral strategy for acquiring my Bitcoin at no incremental cost,” Schiff said, taunting the Trump administration’s plan for acquiring more BTC.
Schiff also posted the address of the so-called reserve and invited contributions from his followers.