Gold advocate and longtime Bitcoin critic Peter Schiff has admitted his biggest regret is missing the chance to invest in Bitcoin early. In a surprising turn, Schiff confessed on X, “I regret not buying it when I first learned about it,” following Bitcoin’s recent surge above $110,000.
While Schiff has always championed gold as a safer store of value, his latest comments show a hint of shift, even though he still warns about Bitcoin’s volatility. He acknowledged Bitcoin’s unexpected growth but remains firm that gold is more reliable in the long run.
Max Keiser, a well-known Bitcoin evangelist and filmmaker, didn’t miss the chance to comment. He mocked Schiff for ignoring his advice to buy Bitcoin at $1, $10, $100, and even $10,000. Keiser called him the “WORST MONEY MANAGER EVER!” and criticized his past decisions, including opening a bank in Puerto Rico.
Triggered major excitement in the crypto space. Data from Glassnode shows that long-term holders (LTHs) are generating record profits of up to $930 million per day in net profit, while also increasing their Bitcoin holdings.
This behavior is unusual, as LTHs usually sell during profitable peaks. Experts suggest ETF-driven accumulation and institutional interest are pushing this new trend.
Schiff, nevertheless, comes down on the side of gold even though he has regrets. Yet his latest remarks show that even the most bearish of Bitcoin observers cannot deny that its emergence is too substantial to be overlooked.
Also Read: Where’s Bitcoin? Peter Schiff Cheers as Gold Outpaces Euro Reserve
