Four years ago he said Bitcoin would never hit $100K. Crazy how times change.
Remember when Peter Schiff doubted Bitcoin?
20 replies 471 views
k1ng_blockNewbie
Posts: 131 · Reputation: 6
#2Jan 7, 2023, 06:10 AM
Someone saved that tweet to throw it back in his face, haha. He's been talking about Bitcoin and government lately. I mean, he's still a bear but it’s kinda interesting.
Right? He’s just recycling ideas that smart Bitcoiners had ages ago. Or maybe he’s actually starting to understand Bitcoin better. That’d be wild.
Funny how the truth stands the test of time. Bitcoin has proven its worth again and again, but some people just can’t see it.
Not just Schiff, though. Lots of finance folks are linking weird societal changes to government actions. They could’ve shut down Bitcoin ages ago but they didn’t.
hawk_nonceFull Member
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#6Jan 7, 2023, 11:00 PM
He needs to admit he was wrong. $100K is nothing, I’m betting on $1M or more. Bitcoin isn't stopping at $100K.
I read his tweets lately, he’s gone from doubter to kinda supportive. His recent posts focus on how the US might use Bitcoin for reserves.
Seems like a character shift. Why pretend to hate it when his son’s a holder? Sounds like he might be playing a long game.
bridge_2014Senior Member
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#9Jan 8, 2023, 01:56 PM
Some influential people are just afraid of change. But honestly, Bitcoin’s proving them wrong left and right, like the internet did.
People say a lot about coins they don’t like. Bitcoin surprised many, including Schiff. If only he bought in back then.
HyperBlockMember
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#11Jan 8, 2023, 06:29 PM
Schiff is stubborn, still bashing Bitcoin. He disagrees with Trump’s Bitcoin plans too. Always negative about it.
satoshi_apeNewbie
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#12Jan 8, 2023, 09:38 PM
It was a joke though, right? He can’t seriously think the US could run a Ponzi with Bitcoin while calling it a bubble.
ledger_walletMember
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#13Jan 9, 2023, 02:11 AM
He’s bearish on the dollar, so in theory, he should be more positive about BTC. His son seems to get it more than he does.
kevin_atlasFull Member
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#14Jan 9, 2023, 07:33 AM
He keeps making himself look foolish. He knows markets but keeps insisting Bitcoin is tulips. At this rate, he’ll be in a nursing home still saying that.
AtomicForkFull Member
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#15Jan 9, 2023, 01:10 PM
Some people will stick to their anti-Bitcoin views, no matter what. You gotta wonder if he’ll ever change.
Those who trash Bitcoin somehow stay relevant. His bubble talk is strong, but he’ll have to rethink it soon, right?
wallet2017Member
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#17Jan 9, 2023, 07:43 PM
There’s no shame in saying Bitcoin's worthless while it’s nearing $100K. But yeah, the US backing it is gonna force a rethink.
They’ll keep bashing Bitcoin regardless of the market. Anti-Bitcoin sentiment might even fuel the market in a weird way.
mike.degenMember
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#19Jan 10, 2023, 07:42 AM
Maybe some of them are quietly stacking BTC while pretending to hate it. They’re probably regretting not buying.
At least Schiff admitted he was wrong. Not many can do that. But he hasn’t bought any Bitcoin yet, so he’s not fully on board.