Schiff’s Rare Admission of Missing Bitcoin

Peter Schiff, the well-known gold advocate and relentless Bitcoin skeptic, has publicly acknowledged a personal regret: he wishes he had bought Bitcoin when he first learned about it. The admission came in a post on X, where he wrote that “many people, myself included, regret not buying Bitcoin when they first heard about it.”

Schiff, however, immediately paired that confession with a stark warning. He added that “soon more people will regret not selling Bitcoin above $60,000 when they had the chance.” At the time of his post, Bitcoin was trading above $65,000, roughly $5,000 over the threshold he highlighted. The cryptocurrency later dipped, settling around $63,760 on 28 July 2026.

In follow-up remarks reported by Yahoo Finance, Schiff made clear that his regret does not signal a change in investment strategy. “No chance,” he said when asked if he would buy Bitcoin even if it fell to $20,000—a price nearly 70% below current levels. He has repeatedly said he never believed in Bitcoin’s fundamental value and, despite having the means to invest early, chose not to.

A Critic’s Pattern of Premature Calls

Separating Regret from Valuation

Schiff’s statement is notable not for any shift in conviction, but for the unusual—and perhaps tactical—phrase “myself included.” For years, he has dismissed Bitcoin as having no intrinsic worth, predicting its price would eventually collapse. Acknowledging a missed opportunity humanizes the argument while bolstering his central theme: that Bitcoin’s current price is unsustainable and driven by speculation, not fundamentals.

A Track Record of Premature Warnings

Bitcoin.com and other outlets have documented a string of Schiff forecasts that proved early or simply wrong. He declared an imminent crash when Bitcoin was at $1,000, $10,000, $20,000, and around $60,000, yet the price recovered and climbed each time. Most recently, he called a bottom in June, only for Bitcoin to rise more than 15% thereafter. This pattern casts doubt on the timing of his latest warning, even if his underlying skepticism remains unchanged.

What Investors Can Learn from Schiff’s Statement

Schiff’s statement is a reminder of the psychological pull of hindsight in volatile markets. While his bearish thesis has often come too soon, investors should note that his own firm—Euro Pacific Capital—does not hold Bitcoin, and his personal refusal to buy even at deep discounts underscores the gap between regret and conviction. For those weighing Bitcoin’s direction, Schiff’s poor record of timing may be more instructive than the substance of his warning.