Recently, Peter Schiff, a prominent Bitcoin critic, took a jab at MicroStrategy CEO Michael Saylor regarding the U.S. government's custody of 69,370 Bitcoins seized from the Silk Road. In a tweet, Schiff suggested that Saylor should raise $4.3 billion to purchase the seized Bitcoins, which have sparked speculation about a potential government sell-off. This mockery aligns with Schiff's longstanding skepticism of Bitcoin, where he contrasts it with his preference for gold
The U.S. government now holds a total of 203,239 Bitcoins, worth approximately $12.63 billion, following a Supreme Court ruling that has cleared the way for the sale of the seized coins. This news has ignited debates about the potential impact of such a sale on the Bitcoin market, especially with the 2024 Presidential elections on the horizon
For a deeper look into the ongoing discussions around this topic and to see the exchanges between Schiff and Bitcoin supporters, you can check out the full articles on [CoinMarketCap](49) and [CoinSpeaker](47).
