Peter Schiff, one of the most notorious critics of Bitcoin, expressed regret for not having bought the cryptocurrency when he first came across it, around 2010, when it was trading near US$ 1. Despite that admission, the economist maintains his position that investors should sell the asset at current levels, above US$ 60 thousand.
In an X network post, Schiff wrote: “Many people, including me, regret not having bought Bitcoin when they first heard about it. Soon, more people will regret not having sold Bitcoin above US$ 60 thousand when they had the chance.”
Schiff had previously revealed that he wished he had bought between 10,000 and 50,000 bitcoins at the beginning of the cryptocurrency’s story. However, he continues to argue that Bitcoin has no intrinsic value and recommends selling the asset—a stance often challenged by investors on social media.
In an X network post, Schiff wrote: “Many people, including me, regret not having bought Bitcoin when they first heard about it. Soon, more people will regret not having sold Bitcoin above US$ 60 thousand when they had the chance.”
Schiff had previously revealed that he wished he had bought between 10,000 and 50,000 bitcoins at the beginning of the cryptocurrency’s story. However, he continues to argue that Bitcoin has no intrinsic value and recommends selling the asset—a stance often challenged by investors on social media.