Prominent gold advocate and long-time Bitcoin critic Peter Schiff has publicly acknowledged regret for not investing in Bitcoin during its formative years. This rare admission comes as Bitcoin’s value surges past $110,000, cementing its position as a major financial asset.
Schiff stated on social media platform X: ‘I regret not buying it when I first learned about it.’ Despite this acknowledgment, Schiff maintained his preference for gold as a stable store of value, contrasting it with Bitcoin’s price volatility.
Bitcoin’s rally above $110,000 has intensified institutional interest and revived debates about cryptocurrency’s role in diversified portfolios. Long-term holders are realizing unprecedented profits, with daily net gains reaching approximately $930 million. This growth is fueled by substantial ETF inflows and sustained institutional accumulation.
The cryptocurrency community responded to Schiff’s comments, with figures like Max Keiser noting the significance of his admission. Reactions highlighted both Schiff’s missed opportunity and Bitcoin’s expanding mainstream acceptance, underscoring the evolving perception of digital assets among traditional finance skeptics.