Peter Schiff Admits Regretting Missed Bitcoin Investment

Renowned economist Peter Schiff has acknowledged his regret over not investing in Bitcoin early on, a shift in his long-standing stance as the cryptocurrency market experiences historic highs. With Bitcoin recently surpassing $110,000, Schiff’s admission is notable for its departure from his past criticism of Bitcoin and highlights growing acceptance of its value. Schiff maintains that Bitcoin lacks intrinsic value compared to assets like gold. He acknowledges he regrets not entering the market earlier, suggesting a possible peak in the market. However, his comments do not signify immediate changes in funding flows or liquidity. Instead, they underscore ongoing debates about Bitcoin’s role as a digital asset.