Background information: Peter Schiff is a well-known anti-cryptocurrency hedge fund manager who has long publicly criticized Bitcoin.

Main event: On April 24, 2025, Peter Schiff posted on the social platform X that due to the rise in Bitcoin’s price, the market value of his strategic Bitcoin holdings surpassed $5,000 for the first time. He publicly shared his Bitcoin wallet address, inviting fans to donate Bitcoin to him in order to "change his view on Bitcoin." As of now, he has received approximately $20 in Bitcoin donations.

Market reaction and significance: Peter Schiff previously called Bitcoin a "scam" and predicted that Bitcoin supporter Michael Saylor might go bankrupt. However, his active acceptance of Bitcoin donations this time and his statement that he would "never sell" the Bitcoin in his holdings demonstrate a strong FOMO sentiment within the current market cycle. This shift is regarded as a highly bullish signal in the current market cycle.

Additional information: Schiff mentioned in his replies that he would not sell Bitcoin, and some netizens joked about whether he would use Bitcoin to fund his wife’s music videos. His wife’s band is named "Laughing Cats," which sounds like the name of a meme coin.

The Bitcoin permabear said in a post on Wednesday that due to the current market price rally, he is asking followers to change his mind about the cryptocurrency by donating it to his BTC address.
Due to Bitcoin’s rally, the current market value of my Strategic Bitcoin Reserve has risen above $5,000 for the first time. To donate to my reserve to help prove me wrong that a Bitcoin reserve is a bad idea, here’s the wallet address.
bc1q0vxwxsmkjy5t95qpc0mfznl59928grsr4wfa97
— Peter Schiff (@PeterSchiff) April 24, 2025<h2>Famous Bitcoin Hater Peter Schiff Now Wants Some</h2>He then posted a Bitcoin wallet address for X followers to send BTC donations.&nbsp;According to one blockchain explorer, he has received about $20 worth of the cryptocurrency from two transactions since making the post.Peter Schiff’s sudden interest in owning Bitcoin may be one of the most bullish portents of this market cycle so far. He has worked hard to stoke a reputation for hating Bitcoin.Searching his X timeline for posts mentioning the cryptocurrency, it is replete with hundreds of posts. All of them are fiercely critical. But not his latest post soliciting BTC donations.<h2>The FOMO Is Strong With This Market Cycle</h2>Just last week, Peter Schiff said Bitcoin is a “fraud” and Strategy founder Michael Saylor will likely go “bankrupt” hoovering it up.Saylor has been on a warpath to acquire Bitcoin. He’s even been issuing stock-convertible corporate bonds for the cash to buy more. As a result, his stock has 10X’d on the Nasdaq in the past 24 months.Schiff sounded like Saylor himself when he followed up in the reply thread on his post Wednesday to say he is “never selling” the BTC in his individual “Bitcoin reserve.”
I’m not making any money. I’m never selling what’s in that reserve.
— Peter Schiff (@PeterSchiff) April 24, 2025One of the top replies on Schiff’s post asked him if he would use the BTC to fund more of his wife’s music videos. He repeated that he’ll never sell his BTC. Peter Schiff’s wife’s music video dropped last September.Her band name, Laughing Cats, sounds like a meme coin.

Peter Schiff publicly accepts Bitcoin donations, strategic reserve market value surpasses $5,000