Bitcoin sceptic and gold bug Peter Schiff congratulated those who bought Bitcoin early before its surge and forced Wall Street to yield to ‘this mania’.
Congratulations to those who bought Bitcoin early, pumped up the price, and who’ve been dumping into the hype. You succeeded in getting Wall Street to buy into the mania. When I first learned about #Bitcoin I didn’t think smart investors would be dumb enough to buy. I was wrong.
— Peter Schiff (@PeterSchiff) March 1, 2021
“When I first heard about Bitcoin, I did not think smart investors would be dumb enough to buy Bitcoin. I was wrong,” Schiff wrote.
In March 2020, the gold advocate spoke unfavourably about the intelligence of cryptocurrency investors.
In October Schiff called Bitcoin the largest bubble in history. According to him, holders of the asset are more confident in their view than investors during the dot-com era and the mortgage crisis.
In December the relentless Bitcoin skeptic criticised MicroStrategy chief Michael Saylor for publicly stating plans to buy Bitcoin with the $650 million raised by the company.
Earlier in January 2021, crypto enthusiasts told Schiff about the true purpose of gold. In February, Tesla and SpaceX founder Elon Musk explained to the gold proponent what real money is.
Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news and polls.