Peter Schiff Laughs Off Speculation of Secret Bitcoin Ownership
In a recent tweet, Schiff ridiculed those who accuse him of secretly holding Bitcoin while refusing to publicly endorse it. He quipped that such accusations stem from a refusal to accept his genuine disagreement with the pro-Bitcoin perspective.
Schiff, known for his staunch opposition to cryptocurrencies, has consistently advocated for gold over digital assets. Despite acknowledging Bitcoin's profit potential in hindsight, he remains firm in his anti-Bitcoin stance, suggesting he would have bought it solely to capitalize on others' willingness to pay higher prices.
Earlier this month, Schiff declared Bitcoin to be in a bear market, mocking long-term holders ("HODLers") by proclaiming that "the party is over."
Bitcoin is currently trading at $60,807, experiencing a slight decline over the last 24 hours. Meanwhile, gold is priced at $2,357, showing minimal movement since reaching record highs last month.
Schiff's ongoing skepticism towards Bitcoin contrasts with the asset's growing popularity and market performance, highlighting the ongoing debate surrounding its value and potential as a digital store of wealth.
