Peter Schiff, a well-known gold proponent and Bitcoin critic, has expressed regret for not investing in Bitcoin when he was first introduced to it in 2010. In a recent interview with Raoul Pal on Real Vision’s “Impact Theory,” Schiff admitted he wished he had put a substantial amount of money into Bitcoin when it was priced at around $1.
“Do I wish I had decided to have thrown $10,000, $50,000, $100,000 into it? Sure,” Schiff said. He could have made hundreds of millions if he hadn’t sold his possible Bitcoin investments.
Despite acknowledging his missed opportunity, Schiff claimed he would have “kept quiet” about owning Bitcoin, as he still doesn’t believe in its fundamentals.
He also suggested that a successful Bitcoin investment would have made him feel like a “genius” rather than a “gambler,” leading him to fall under the same “delusion” as other Bitcoin investors.
Schiff has consistently warned against investing in Bitcoin, referring to it as a “fools’ investment” and a “pure ponzi.”However, He admits Bitcoin’s unexpected surge challenges his predictions. Its rise as “digital gold” might impact traditional gold investments.
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