Peter Schiff Finally Regrets Not Buying Bitcoin Earlier, Here’s What He Said!

Jakarta, Pintu News – Peter Schiff, known as a Bitcoin critic and gold advocate, recently revealed his biggest regret related to the cryptocurrency.

Although he continues to be cautious about the future of Bitcoin (BTC), Schiff admits that he regrets not buying Bitcoin (BTC) when he first learned about it.

This admission comes after Bitcoin (BTC) experienced a significant price spike, drawing attention from both supporters and critics.

Check out the full information here!

Peter Schiff’s Confession About Bitcoin

Peter Schiff has been known as a gold advocate and often criticizes Bitcoin (BTC) as a speculative asset. However, in a post on X, Schiff revealed that his biggest regret is not buying Bitcoin (BTC) when he first discovered it.

“I regret not buying it when I first learned about it,” he said. While still skeptical, Schiff’s latest comments show that he is starting to realize the volatility and unpredictable fluctuations of the Bitcoin (BTC) market.

Schiff admits that although the price of Bitcoin (BTC) has reached above $110,000, he still questions whether the cryptocurrency can return to its highest price peak. Schiff sticks to his belief that gold is a more stable and reliable asset, despite acknowledging the surge in Bitcoin (BTC) price.

Also read: Minswap is Ready to Become the First DEX to Support Bitcoin on Cardano!

Max Keiser and His Criticism of Peter Schiff

Max Keiser, an American filmmaker and Bitcoin (BTC) evangelist, is one of Peter Schiff’s biggest critics when it comes to his opinions on Bitcoin (BTC). Keiser, who has been a longtime supporter of Bitcoin (BTC), responded to Schiff’s latest statement by laughing at the opportunity Schiff has squandered.

Keiser pointed out that he had recommended Schiff to buy Bitcoin (BTC) at much lower prices, including at $1, $10, $100, and even $10,000. Keiser was not shy in expressing his opinion on Schiff’s decision to reject Bitcoin (BTC).

He posted on X that Schiff is the “WORST MONEY MANAGER EVER!” and mocked Schiff’s decision to open a bank in Puerto Rico. Although Schiff expressed regret over not investing in Bitcoin (BTC) earlier, he still holds on to the belief that gold is a more stable asset.

Also read: Fartcoin Surges 16% Ahead of Listing on Coinbase!

Bitcoin Price Surges and Rising Profits

The latest Bitcoin (BTC) price surge has sparked significant reactions in the cryptocurrency community, with many noting growing profits among long-term holders. According to data from Glassnode, a “unique dynamic” has emerged in this Bitcoin (BTC) cycle.

Long-term holders (LTHs) realized record profits while continuing to increase their Bitcoin (BTC) holdings. The data revealed that net realized gains per day have reached $930 million, marking a significant increase in Bitcoin (BTC) profitability.

Another phenomenon noted by Glassnode is that the supply of long-term holders continues to increase, despite the realization of large gains. ETF-led accumulation has contributed significantly to this trend, which has also boosted BTC interest among institutional investors.

This group of long-term holders accumulated Bitcoin (BTC) even amid increased profitability, which has never been seen before in the history of market cycles.

Conclusion

Although Peter Schiff has long been skeptical of Bitcoin (BTC), his recent admission shows a change in his outlook, albeit still cautious. With ongoing price spikes and increasing returns for long-term holders, the cryptocurrency market continues to attract attention from various quarters, including critics.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Peter Schiff Reveals Biggest Regret About Bitcoin. Accessed on June 13, 2025
• Featured Image: Market Insider