Peter Schiff Regrets Not Buying Bitcoin When He First Learned About It, But There's 'Not a Chance' He'll Buy It Now — Not Even at $20,000

Economist Peter Schiff said on Monday that he regrets not buying Bitcoin (CRYPTO: BTC) when he first learned about the apex cryptocurrency.

The Eternal Bitcoin ‘Regret’

In an X post, Schiff contrasted early Bitcoin FOMO and the strategic error of holding the asset for too long.

“Many people, myself included, regret not buying Bitcoin when they first learned about it,” he said. “Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance.”

Will Schiff Buy Bitcoin At $20,000?

This isn’t the first time Schiff has conceded he missed out on Bitcoin. In an interview in March 2024, he wished he had bought the world’s largest cryptocurrency back in 2010, given the profit potential. 

So does that mean he’d ape into Bitcoin at the first opportunity?

“Not a chance,” Schiff clarified, adding that he won’t even buy even if Bitcoin crashed to $20,000.

A section of Bitcoin enthusiasts has accused him of secretly holding the cryptocurrency, a claim he has promptly denied. 

Bitcoin Here To Stay?

Schiff’s remarks reflected his longstanding bearish view that Bitcoin is overvalued and headed for major declines. In fact, he leads the pack in Bitcoin obituaries, having declared the asset ‘dead’ as many as 23 times.

Schiff aggressively promotes gold as the ultimate safe-haven, while deriding Bitcoin as a worthless asset.

While Bitcoin has indeed lagged behind gold over the past year, its cumulative performance over a longer horizon is substantially higher.

Price Action: At the time of writing, BTC was exchanging hands at $62,521.08, down 0.27% in the last 24 hours, according to data from Benzinga Pro.

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