According to BlockBeats, on November 14, Peter Schiff, a well-known Bitcoin skeptic, posted a post on a social platform pretending to agree with Bitcoin and suggested that the US Social Security Fund replace its $2.7 trillion in reserves with Bitcoin. He then commented, "Of the more than 5,000 people who liked this article, how many did it because they really liked the idea, or because they appreciated the irony and laughed at it."

In response to this statement, netizens quoted Peter Schiff’s previous statement that “Bitcoin will never reach $100,000” to fight back. Peter Schiff responded, “Yes, this judgment may be wrong.”