Peter Schiff regrets not buying Bitcoin (BTC) when he first learned about it

Gold advocate and longtime Bitcoin critic Peter Schiff has admitted his biggest regret is missing the chance to invest in Bitcoin early.

Longtime Bitcoin critic and gold advocate Peter Schiff has admitted that he misses the chance to invest in Bitcoin early.

“I don't regret the posts. But sure I regret not buying it when I first learned about it,” Schiff said on X as Bitcoin soared above $110,000.

Despite always touting gold as a safer store of value, Schiff's latest comments show a slight shift, even though he still highlighted Bitcoin's volatility. He acknowledged the cryptocurrency's unexpected growth but maintained that gold is more reliable in the long term.

"I regret not buying Bitcoin when I first learned about it. I had no intention of investing in it because I hated it so much. At the time, it seemed like a scam to me, and I didn't think it would last," Schiff said.

"Plus, I had plenty of other investments I’d rather make. But then Bitcoin kept going up and up, and it became clear that it wasn't a scam. By the time I finally wanted to buy some, it had risen too high, and I decided against it."

This behavior is unusual, as LTHs commonly sell during periods of high profit. Experts suggest that the emergence of ETFs and institutional interest is driving this new trend.

However, Schiff ultimately comes down on the side of gold despite his investment regrets. But his latest remarks show that even the most bearish of Bitcoin observers cannot deny that its emergence is too substantial to be ignored.