Bitcoin

when

<ul>
 <li>While speaking with Raoul Pal, Schiff intimated that he missed the early Bitcoin wave.</li>
 <li>Bitcoin, Schiff had previously said, is a “pure ponzi” with no real value.</li>
</ul>
A prominent Bitcoin opponent, gold advocate <a href="https://thenewscrypto.com/peter-schiff-raises-concerns-as-bitcoin-tumbles-post-etf-launch/" target="_blank" rel="noopener noreferrer nofollow">Peter Schiff</a>, now says he wishes he had purchased Bitcoin (BTC) in 2010, when a coworker first introduced him to the cryptocurrency. While speaking on March 13th with <a href="https://www.realvision.com/contributor/raoul-pal#:~:text=Raoul%20Pal%20leads%20Real%20Vision,Investment%20Strategist%2C%20and%20Economic%20Historian." target="_blank" rel="noopener noreferrer nofollow">Raoul Pal</a>, co-founder and CEO of <a href="https://www.realvision.com/" target="_blank" rel="noopener noreferrer nofollow">Real Vision</a>, Schiff intimated that he missed the early Bitcoin wave.
Schiff stated:
<blockquote class="wp-block-quote">
 “Do I wish I had made the decision to have thrown $10,000, $50,000, $100,000 into it? Sure. I may be worth hundreds of millions assuming I didn’t sell but again I don’t know what I would have done had I made that decision.”
</blockquote>
<h3 class="wp-block-heading" id="h-pure-ponzi-with-no-real-value">Pure Ponzi with No Real Value</h3>
In the conversation, Pal and Schiff argued over whether Bitcoin would eventually reach zero or one million dollars. <a href="https://thenewscrypto.com/jack-dorseys-block-launches-next-gen-bitcoin-hardware-wallet/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, Schiff had previously said in an interview with Yahoo Finance on November 29th, is a “pure ponzi” with no real value. To be fair, he did contemplate purchasing Bitcoin in 2010 when its price was around $1, as he discloses in his most recent interview. But in the end, he concluded it wasn’t worth it since the cost was “ridiculous.”
While Schiff maintains he would have “kept quiet” if he had purchased Bitcoin, he has never and does not believe in the cryptocurrency’s underlying principles.
According to Schiff, if his Bitcoin investment had been successful, he would have felt more like a “genius” than a “gambler.” As a result, he would have shared the “delusion” of Bitcoin investors, whom he subsequently criticized as “greedy” and “foolish.”
By calling Bitcoin an investment for “fools,” Schiff has long sought to dissuade his followers from becoming involved in the cryptocurrency market. On occasion, however, he does concede that Bitcoin hasn’t crashed to earth in the way he had predicted.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/solanas-race-towards-200-assessing-the-likelihood/" target="_blank" rel="noopener noreferrer nofollow">Solana’s Race Towards $200: Assessing the Likelihood</a>

Bitcoin Opponent Peter Schiff Regrets Not Investing in BTC Earlier

Table of Contents

TheNewsCrypto

Other articles published on Mar 14, 2024

BNB Chain Looks to Expand L2 Ecosystem; Introduces RaaS to Streamline Establishment of New L2 Blo...

SPACE ID Partners with Polyhedra Network for Web3 Interoperability

Bitcoin ETF: BlackRock & Fidelity Saw Inflows Of $870M

Tightening The Tap: Regional Banks, Tech Stocks, Bitcoin Brace For Liquidity Crunch As Fed Lifeli...

ShareToken (SHR) Prediction 2024: When Will SHR Surpass the $0.026 Milestone?

Hivemapper Maps 15% of Global Roads in 14 Months

Join our free newsletter for daily crypto updates!