Peter Schiff Admits Regret Missing Bitcoin Surge Above $110,000

Peter Schiff, a longtime Bitcoin skeptic and gold advocate, has publicly expressed regret for not investing in Bitcoin when he first learned about it, following the cryptocurrency's recent surge to above $110,000. Despite his admission, Schiff remains cautious and continues to champion gold as a more stable store of value, maintaining skepticism about Bitcoin's volatility and long-term reliability. Bitcoin evangelist Max Keiser criticized Schiff sharply for missing early investment opportunities, labeling him the “WORST MONEY MANAGER EVER!” and mocking his past financial decisions. Schiff also stated he would only admit being wrong about Bitcoin if a scenario of 'hyper Bitcoinization' occurs, where Bitcoin replaces traditional currencies entirely, a future he regards as unlikely. Nevertheless, Schiff acknowledged that even staunch critics must recognize Bitcoin's significant market impact, as long-term holders are currently generating record profits amid increasing institutional interest and ETF-driven accumulation. His recent softened stance and admission of regret have sparked renewed discussion within the crypto community about the evolving perception of cryptocurrencies versus traditional assets.