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 confused
— Deezy (@CryptoDmack) May 26, 2023
For 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.
— Eric Wall ♂️ Taproot Wizard #2 (@ercwl) May 26, 2023
Golden Triumph consists of one physical painting on an oil linen canvas depicting a human hand holding a bar of gold, 50 prints on archival paper depicting the same image and 50 digital…
