2024

Bitcoin

Gold

<h4 data-block-id="07c61a5e-ee50-4d61-9ccb-9b378ffb59a8"><strong>The Bitcoin bull run has kicked off properly. And Bitcoin has surged to new heights, reaching an all-time high. </strong></h4> 
<p data-block-id="07c61a5e-ee50-4d61-9ccb-9b378ffb59a8">Bitcoin faithful are no doubt thrilled about this. However, some old critics are having second thoughts about their views on Bitcoin.</p> 
<h5 data-block-id="07c61a5e-ee50-4d61-9ccb-9b378ffb59a8"><strong>Bitcoin Soars to Record Highs, Turning Critics into Believers</strong></h5> 
<p data-block-id="9f29e151-b2a5-41d5-80c5-2f7902f3b902">One of the earliest Bitcoin critics, Peter Schiff, recently expressed his regrets about not getting in earlier. Schiff is a known gold proponent. Interestingly, Schiff had the chance to scoop a large amount of Bitcoin as early as 2010. At the time, <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> was unknown and considered a short-term innovation.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Yes, but if I bought then I may have had so much Bitcoin that I would have been selling gradually all the way up. So I still might have some left to sell.</p> 
 <p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1768363313165893838?ref_src=twsrc%5Etfw">March 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p data-block-id="1e1089e4-257b-410d-9d76-9c1d3544dad0">Schiff expressed his regrets in an interview on Impact Theory with Raoul Pal. The 60-year-old stockbroker regrets not having thrown “$10,000, $50,000, $100,000” into BTC. So, Schiff admits that he considered investing in BTC in 2010. At the time, Bitcoin sold for $1. He finally decided against it, though, thinking the investment was “ridiculous.”</p> 
<p data-block-id="53126ff5-d4ec-4ab8-898f-b64572d823d6">Schiff believes investing in <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener">BTC</a> would have made him a “genius” and less of a “gambler.” However, he added that such an investment would have made him delusional. Schiff views Bitcoin investors as delusional.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Bitcoin related publications are falsely claiming that I've changed my position on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> because I admitted I wished I had bought some back in 2010. I think everyone wished they bough Bitcoin in 2010. Even those who did wish they bought more. If I had bought then I'd sell now.</p> 
 <p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1768358243678453969?ref_src=twsrc%5Etfw">March 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p data-block-id="4fffb82a-bc87-4432-a050-219fdef69ec0">Schiff <a href="https://www.youtube.com/watch?v=xfHCly1ZCQ0" target="_blank" rel="noopener">claimed</a> he could be “worth hundreds of millions” if he invested in Bitcoin and did not sell. Schiff’s comments come months after he said Bitcoin was “pure Ponzi” with no underlying value. He told Yahoo Finance in November 2023: “Bitcoin is a pure Ponzi; it’s a pyramid, the demand for Bitcoin is based on the belief that you can sell it to somebody else at a higher price.”</p> 
<p data-block-id="4fffb82a-bc87-4432-a050-219fdef69ec0"><img decoding="async" class="alignnone size-full wp-image-136275" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets.webp" alt="" width="1386" height="751" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets.webp 1386w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets-300x163.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets-1024x555.webp 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets-768x416.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets-696x377.webp 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets-1068x580.webp 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2024/03/Bitcoin-and-other-assets-775x420.webp 775w" sizes="(max-width: 1386px) 100vw, 1386px"></p> 
<p data-block-id="38e2f4c7-f9a3-4d2a-bdd5-925a66f849fd">Schiff often calls Bitcoin an investment for “fools.” And he has tried to discourage his listeners from embracing it. However, he often concedes that Bitcoin hasn’t crashed the way he had predicted.</p> 
<div class="youtube-embed" data-video_id="xfHCly1ZCQ0">
 <iframe title="Peter Schiff vs Raoul Pal Debate: Bitcoin Going To $0 or $1 Million &amp; A Great Depression Coming?" width="696" height="392" src="https://www.youtube.com/embed/xfHCly1ZCQ0?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div> 
<h5 data-block-id="bb4abe5d-8125-4985-a982-080eed932e9b"><strong>Bitcoin is the New Gold</strong></h5> 
<p data-block-id="4da6a111-7ca3-4be0-9a7c-8345a29749ca">Bitcoin critics aren’t only dismayed by its <a href="https://www.altcoinbuzz.io/cryptocurrency-news/vanecks-zero-fee-bitcoin-etf-sparks-20x-inflow-surge/" target="_blank" rel="noopener">performance</a>. Most are surprised to see the asset pitched side by side with gold. Most modern experts view Bitcoin as digital gold. Some claim the arrival of spot Bitcoin exchange-traded funds (ETFs) is a game-changer. Since then, Bitcoin has begun to cut into gold’s $14.6 trillion market cap.</p> 
<p data-block-id="25d530ed-cb18-4d99-8735-dad5ba4cdb75">Peter Schiff has admitted that spot Bitcoin ETFs may be gaining market share from gold. However, he believes BTC investors would suffer if Bitcoin takes a significant decline.</p> 
<p><iframe title="3 Ultra High Potential Altcoins For 2024 Crypto Bull Run - YOU'RE STILL EARLY!" width="696" height="392" src="https://www.youtube.com/embed/-P4ZNUpK_Q0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<h5><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</h5> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/peter-schiff-a-bitcoin-skeptic-admits-to-investment-regret/">Peter Schiff, a Bitcoin Skeptic, Admits to Investment Regret</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Peter Schiff, a Bitcoin Skeptic, Admits to Investment Regret

Altcoin Buzz

Other articles published on Mar 18, 2024

NodeMonkes Outperforms Bored Ape Yacht Club in NFT Market Value

Perbandingan Proyek Kripto Ethereum, Litecoin, dan BlockDAG

Explore Crypto Betting: Kalshi Introduces Novel Prediction Contracts for Crypto Prices

Altcoin Buzz launches to 100Mn Viewers on TechStorm

Bitcoin Shows Potential for Upward Trend as It Eyes $70,000 Mark

Pepe Coin Resets Funding Rates, Signals Potential Bullish Surge

Join our free newsletter for daily crypto updates!