Peter Schiff Regrets Missing Bitcoin Boat in 2010 (Not 2025!): BTC Soars Past $73K
The headlines are buzzing: Peter Schiff, a well-known gold proponent and Gold bull and prominent stockbroker and gold investor, openly expressed his regret for not seizing the opportunity to invest in Bitcoin back in 2010 (not 2025!) when its value was just a fraction of what it is today. With Bitcoin (BTC) now soaring past $73,000, Schiff's missed opportunity is a poignant reminder of the cryptocurrency's incredible growth.
Longtime Bitcoin critic Peter Schiff admitted on March 13 that he regrets not investing in Bitcoin when he was first introduced to it in 2010. The American stockbroker's perspective has been a source of much debate, often highlighting the perceived risks and volatility of digital currencies.
Schiff's Regret: A Conversation with Raoul Pal
Peter Schiff on Wednesday with Real Vision’s co-founder Raoul Pal on the show Impact Theory expressed a twinge of regret for not purchasing Bitcoin. He told Pal that he seriously considered buying BTC in 2010 when it was around $1 but ultimately decided against it, concluding the potential investment was too risky.
Why Didn't Schiff Invest?
Peter Schiff, a prominent stockbroker and gold investor, rejected the opportunity to invest in bitcoin when it was trading at a few dollars in 2010 (Not 2025!). Despite his long-held skepticism, the exponential growth of Bitcoin has clearly given him pause.
Schiff's reservations stem from his belief in gold as a superior store of value. He has consistently argued against Bitcoin's inherent value and its potential as a reliable investment. Interestingly, Schiff admits he would have remained silent about purchasing Bitcoin due to his lack of faith in its underlying principles.
The 2010 Bitcoin Missed Opportunity
The year 2010 was a pivotal one for Bitcoin. Its price was incredibly low, and the idea of a decentralized digital currency was still in its infancy. Many dismissed it as a passing fad, but those who took the plunge have seen phenomenal returns.
While the article incorrectly claims the regret and potential investment time as 2025, the actual year is 2010. It is important to understand this is a mistake and we should note that Schiff regrets missing the initial opportunity in 2010 when Bitcoin was very cheap.