Peter Schiff, the longtime gold advocate and Bitcoin critic, admitted he regrets not buying the cryptocurrency early — just as Bitcoin reclaimed the $65,000 level. In a social media post, Schiff also predicted that Bitcoin holders who fail to sell above $60,000 will come to regret it.
A change of tune?
Schiff's admission marks a notable shift from his years of skepticism. He has repeatedly called Bitcoin a bubble and urged investors to buy gold instead. But now he says he should have bought early. The timing isn't great for his credibility — Bitcoin just crossed $65,000, a level that would have made an early investment look very smart.
The $60K warning
Schiff warned that anyone who doesn't sell Bitcoin above $60,000 will regret it. That's a curious statement given that Bitcoin is currently trading above $65,000. It implies he sees a potential drop — or maybe he's just sticking to his bearish script. Either way, the warning is getting a lot of attention from traders who remember his past calls.
Bitcoin's resilience
Despite Schiff's long-standing criticism, Bitcoin has continued to gain mainstream adoption and institutional interest. The reclaim of $65,000 is a notable milestone, though the market remains volatile. Schiff's own gold investments have had a mixed run, while Bitcoin has outperformed many traditional assets this year.
Schiff's next move will be watched closely — will he finally buy Bitcoin, or stick to gold? For now, his words are a rare concession from one of crypto's most vocal detractors.
