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  • On May 27, bitcoin critic Peter Schiff, CEO of Euro Pacific Capital, said on Twitter that the Bitcoin Ordinals NFT art collection will be released and auctioned on June 2.

  • Peter Schiff revealed that Golden Triumph was produced in collaboration with his favorite artist.

Peter Schiff, an economist, gold fanatic, and frequent skeptic of cryptocurrency values, has announced a collaborative Bitcoin non-fungible token (NFT) art collection coming soon. be auctioned.

The reaction of the cryptocurrency community has been divided into two directions, with one side being confused, amused or welcoming individuals, especially Ordinals supporters, and one side being those ready to declare claimed that it was clearly a fake asset.

I'm so excited to announce an art project with one of my favorite artists, Market Price. This collaboration comes from the original “Golden Triumph” painting as well as a series of prints and Ordinals engraved on the#Bitcoinblockchain. For more information, visit https://t.co/lEFJmgYTCk pic.twitter.com/vyoErYv39q

— Peter Schiff (@PeterSchiff) May 26, 2023

Schiff has been openly critical of cryptocurrencies for years, especially Bitcoin, at every opportunity his argument has been that BTC is a Ponzi scheme with no intrinsic value .

Even so, Schiff launched the “Golden Victory” collection on May 27 via a Twitter thread created with one of his favorite artists, Market Price.

“This collaboration comes from the original ‘Golden Triumph’ painting as well as a series of prints and Ordinals engraved on the Bitcoin blockchain,” he said.

Golden Victory is created from an original painting (oil on linen – 48 x 60 inches) signed by both artists and copies numbered from 1 to 50, according to the link provided by Peter Schiff . Each print has a one-of-a-kind Signature stored on the Bitcoin blockchain.

The auction will begin on June 2 and end on June 9. The first auction is for originals, while the second auction is for both originals and copies. On June 9, Peter and the artist attended the auction in New York (295 Madison Ave, NY).

In addition to criticizing Bitcoin, two years ago Peter Schiff pointed out that NFTs are just fictitious assets, offering nothing more than ownership of digital photos that can be “endlessly copied” online.

In a comment on Twitter he did not hesitate to answer “Yes” to the question “So… you mean it is only valuable because your “gold” is “engraved” on#Bitcoin, but bitcoin itself has no value?.”

This rapid change in his perception is comparable to that of former US President Donald Trump, who strongly criticized cryptocurrency before entering the NFT sector. Previously, before revealing the licensed Trump Digital Trading Card collection, Trump promised a big surprise, which MAGA fans mistook for a political statement.

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