
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 Famous Bitcoin Hater Peter Schiff Now Wants Some He then posted a Bitcoin wallet address for X followers to send BTC donations. 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. The FOMO Is Strong With This Market Cycle 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, 2025 One 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. The post Peak Euphoria: Peter Schiff Asks X Followers to Donate Bitcoin appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Dragonchain (DRGN) Shows Potential for Further Gains After SEC Lawsuit Closure as Market Cap Tokens Gain Momentum

Dragonchain (DRGN) rallies 115% after the SEC lawsuit ends, with resistance levels near $0.090 and $0.107 now in sight. ZORA gains momentum after Coinbase listing, riding the Content Coins trend, Crypto Potato

SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play?
SUI has been trading with impressive strength since setting a local low around $1.71 just over two weeks ago. Since Monday, SUI has gained more than 79% in value, reflecting a surge in bullish sentiment and positioning itself as one of the standout performers in the current market environment. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity However, risks remain elevated as tensions between the US and China continue to escalate, creating uncertainty across financial markets. Trade conflicts and geopolitical friction could still weigh heavily on risk assets if conditions worsen. Top analyst Kaleo shared an analysis highlighting that SUI is gaining strength against Bitcoin, marking one of the first times in recent months that an altcoin shows significant relative performance compared to BTC. This strength is notable as most altcoins have struggled to outperform Bitcoin in a market dominated by caution and defensive positioning. The next few days will be critical in determining whether SUI can sustain its breakout or if a period of consolidation will follow. SUI Leads Layer-1 Blockchains as Momentum Builds SUI has positioned itself as one of the leading Layer-1 (L1) blockchains during the recent market rally. A Layer-1 blockchain refers to a base blockchain network, such as Bitcoin or Ethereum, that processes and finalizes transactions without relying on another external chain. These networks operate independently with their own security protocols, native tokens, and decentralized validators, forming the backbone of the broader crypto ecosystem. Over the past two weeks, SUI has shown remarkable strength, significantly outperforming many other assets. If the market enters a sustained bullish phase for altcoins, SUI is likely to continue leading the pack, thanks to its recent resilience and strong relative performance. However, the environment remains extremely high risk. Some analysts are warning that current levels across crypto and equities could trigger a sharp market-wide retrace if sentiment shifts. Kaleo’s recent analysis on X suggests that SUI’s strength against Bitcoin is a particularly encouraging sign. He notes that SUI might be one of the first major L1s to hit new all-time highs during this bounce, reflecting strong underlying demand. The next week will be critical; US equities are now testing major resistance zones, and uncertainty around the ongoing US-China trade conflict continues to weigh heavily on global markets. How financial markets react over the coming days will likely influence whether SUI can extend its rally or enters a period of consolidation alongside broader risk assets. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? SUI Battles Key Levels As Bulls Push Forward SUI is currently trading at $3.53 after several days of aggressive buying pressure that has propelled the price higher. The bullish momentum has been impressive, positioning SUI as one of the strongest-performing Layer-1 blockchains in the market. However, for this momentum to sustain, bulls must defend critical levels. The most important short-term level is $3.20, which aligns closely with the 200-day moving average (MA). Maintaining price action above this zone would confirm a bullish market structure and offer a solid foundation for further gains. If SUI manages to hold above the 200-day MA, it would signal strong underlying demand and reinforce bullish sentiment around the asset. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected For a continuation of this aggressive uptrend, the key challenge lies at the $4.00 mark. Reclaiming and consolidating above this resistance would open the path toward a potential new all-time high (ATH), especially if momentum remains strong across the broader crypto market. Featured image from Dall-E, chart from TradingView Crypto Potato