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A tweet from Peter Schiff Twitter account On March 14 indicated his regret for the missed opportunity on Bitcoin.
Peter Schiff, the gold guru of the crypto world and known for his vocal objection to Bitcoin (BTC), was spotted in the highlight. Peter Schiff Twitter account, highlighting the regrets for mission opportunities on BTC, seeks the attention of individuals towards the gold guru. He is well known for criticizing BTC and admitted to regret not investing in BTC.
An interview with Real Vision co-founder and CEO Raoul Pal on Impact theory disclosed Schiff’s feelings on BTC.
Peter Schiff Twitter is in Limelight
A recent interview with Real Vision co-founder and CEO Raoul Pal exposed Schiff’s feelings about BTC. Schiff has been totally against the BTC since the day BTC was introduced to the crypto space.
He revealed that he had the opportunity to invest in Bitcoin back in 2010 when the digital asset was trading at the price of around $1.
A tweet from Peter Schiff Twitter account on March 14, attracted individuals towards the Gold guru and his criticism of BTC.
Almost there. pic.twitter.com/tv56pli2dk
— Peter Schiff (@PeterSchiff) March 14, 2024
Schiff is a big supporter of gold and labeled BTC as a “Pure Ponzi”. However, Schiff’s hypothetical scenario indicates that he had invested, and could have significant wealth.
Moreover, despite admitting regret, Schiff’s feelings towards digital assets, especially the BTC remained unchanged. He didn’t miss any chance to criticize the digital assets and referred to them as a “fool’s investment”.
According to Schiff, BTC lacks underlying value and warns of the risks linked with BTC investing. The BTC demand solely depends on the thought of selling it at a higher price to others.
Furthermore, Schiff warns investors about the fight to liquidate their holdings during periods of chief price volatility. He also showcased support for gold, convincing that gold holds more intrinsic value.
What are BTC and Gold Market Indicating
Peter Schiff, the American stockbroker and financial commentator, is a big supporter of gold.
Based on his recent statement on March 2, gold investment will set a bullish trend. He highlighted the continuing value of gold and its capabilities for future progress, despite the present circumstances of gold mining stocks.
Although Bitcoin is doing well in the crypto market, Schiff is more supportive of gold, saying that gold has performed well in comparison to BTC since the day the cryptocurrency was launched.
The bullish behavior of BTC seeks the attention of Schiff towards the digital asset marketplace. The current value of BTC as per the CoinMarketCap data is $73,411.29. The cryptocurrency is outperforming, breaking all-time high records.
BTC’s all-time high was documented at $73,641.04 on March 14, 2024, whereas the all-time low was measured at $0.04865 on July 15, 2010. Also, the total supply of BTC is 21 Million BTC and the circulating supply is 19,653,962 BTC.
Peter David Schiff is an American stockbroker and one of the few widely known economists and investment professionals. He is chairman of Schiff Gold and works as an investor and advisor at Goldmoney.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
