Financial expert and gold advocate Peter Schiff unexpectedly confessed that his biggest regret is not investing in Bitcoin early. This statement came after Bitcoin's recent price surge above $110,000.
Peter Schiff's Admission
In a recent post on X, Schiff stated, 'I regret not buying it when I first learned about it.' Despite his fame as a gold advocate, he acknowledged that Bitcoin's growth surprised him but still maintains that gold is a more reliable long-term store of value.
Criticism from Max Keiser
Max Keiser, a well-known Bitcoin evangelist and filmmaker, took the opportunity to mock Schiff, pointing out that he ignored his advice to buy Bitcoin at low prices. Keiser labeled Schiff as the 'WORST MONEY MANAGER EVER!' and criticized his past decisions, including opening a bank in Puerto Rico.
Bitcoin Market and Long-Term Holder Behavior
Recent data from Glassnode shows that long-term holders of Bitcoin are realizing record profits of up to $930 million per day. This behavior is unusual, as such investors typically sell during profitable peaks. Experts attribute this current trend to ETF-driven accumulation and increasing institutional interest.
Peter Schiff's recent comments illustrate that even the most bearish Bitcoin observers cannot ignore its significance in the market. Despite his commitment to gold, the growing popularity of Bitcoin leaves no one indifferent.
