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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Another viral moment for Schiff&nbsp;</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Schiff and Dalio on the same page&nbsp;</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              After finally figuring out what happened to his Bitcoin wallet, Peter Schiff, the CEO of Euro Pacific Capital, got back to his regular hobby of trashing Bitcoin. In response to Anthony Pompliano, one of the loudest crypto proponents, Schiff claims that the cryptocurrency with a market cap of&nbsp;$154.1 bln <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1220194442554105857?s=19">doesn't qualify as money</a>.

<blockquote>
"The fact that the price of Bitcoin went up in the past does not qualify Bitcoin as being money and it has nothing to do with my analysis." &nbsp;
</blockquote>

<a rel="nofollow" target="_blank" href="#">card</a>

Another viral moment for Schiff&nbsp;

In case you were worried about Peter Schiff's Bitcoin stack, he has finally realized what happened to his wallet. It appears that the gold bug simply mistook his PIN for the password, which is why he can no longer access his coins.&nbsp;
                
                  
    
                        Ads




                  
    
                        Ads




                
              
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1220135541330542592?s=19">@PeterSchiff&nbsp;</a></em>
Schiff's latest tweet instantly went viral with many members of the cryptocurrency proponents being genuinely surprised that the infamous Bitcoin critic could make such a beginner-level mistake.&nbsp;

As <a href="https://u.today/peter-schiff-says-owning-bitcoin-btc-was-bad-idea-after-losing-access-to-his-wallet">reported by U.Today</a>, Schiff made plenty of headlines last week by publicly admitting to losing all his Bitcoin.&nbsp;

<a href="https://u.today/vitalik-buterin-sides-with-peter-schiff-claims-crypto-wallets-need-better-security">card</a>

Schiff and Dalio on the same page&nbsp;

Schiff routinely criticizes Bitcoin as a bad investment option. Back in December, he <a href="https://u.today/peter-schiff-has-doomy-prediction-for-millennial-bitcoin-holders">warned millenials</a> about being wiped out in BTC.&nbsp;

Now, he also says that confusing BTC for money is a much bigger mistake than forgetting his password. Schiff predicts that Bitcoin investors could potentially lose significantly more than he did.&nbsp;

<blockquote>
"A lot of people are making fun of me for confusing my pin with my password. I made a mistake and it cost me my <a rel="nofollow" target="_blank" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/Bitcoin?src=hashtag_click" role="link">#Bitcoin</a>. But confusing Bitcoin for money is a much larger mistake and those who are making it will lose far more than I did!"&nbsp;
</blockquote>

Schiff is not a lone Bitcoin critic. During the World Economic Forum (WEF) in Davos, Switzerland,&nbsp;billionaire Ray Dalio <a href="https://u.today/ray-dalio-lambastes-bitcoin-btc-praises-gold-in-davos">slammed Bitcoin</a> for not functioning as money.&nbsp;&nbsp;&nbsp;
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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Another viral moment for Schiff&nbsp;</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Schiff and Dalio on the same page&nbsp;</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              After finally figuring out what happened to his Bitcoin wallet, Peter Schiff, the CEO of Euro Pacific Capital, got back to his regular hobby of trashing Bitcoin. In response to Anthony Pompliano, one of the loudest crypto proponents, Schiff claims that the cryptocurrency with a market cap of&nbsp;$154.1 bln <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1220194442554105857?s=19">doesn't qualify as money</a>.

<blockquote>
"The fact that the price of Bitcoin went up in the past does not qualify Bitcoin as being money and it has nothing to do with my analysis." &nbsp;
</blockquote>

<a rel="nofollow" target="_blank" href="#">card</a>

Another viral moment for Schiff&nbsp;

In case you were worried about Peter Schiff's Bitcoin stack, he has finally realized what happened to his wallet. It appears that the gold bug simply mistook his PIN for the password, which is why he can no longer access his coins.&nbsp;
                
                  
    
                        Ads




                  
    
                        Ads




                
              
<em>image by <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1220135541330542592?s=19">@PeterSchiff&nbsp;</a></em>
Schiff's latest tweet instantly went viral with many members of the cryptocurrency proponents being genuinely surprised that the infamous Bitcoin critic could make such a beginner-level mistake.&nbsp;

As <a href="https://u.today/peter-schiff-says-owning-bitcoin-btc-was-bad-idea-after-losing-access-to-his-wallet">reported by U.Today</a>, Schiff made plenty of headlines last week by publicly admitting to losing all his Bitcoin.&nbsp;

<a href="https://u.today/vitalik-buterin-sides-with-peter-schiff-claims-crypto-wallets-need-better-security">card</a>

Schiff and Dalio on the same page&nbsp;

Schiff routinely criticizes Bitcoin as a bad investment option. Back in December, he <a href="https://u.today/peter-schiff-has-doomy-prediction-for-millennial-bitcoin-holders">warned millenials</a> about being wiped out in BTC.&nbsp;

Now, he also says that confusing BTC for money is a much bigger mistake than forgetting his password. Schiff predicts that Bitcoin investors could potentially lose significantly more than he did.&nbsp;

<blockquote>
"A lot of people are making fun of me for confusing my pin with my password. I made a mistake and it cost me my <a rel="nofollow" target="_blank" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/Bitcoin?src=hashtag_click" role="link">#Bitcoin</a>. But confusing Bitcoin for money is a much larger mistake and those who are making it will lose far more than I did!"&nbsp;
</blockquote>

Schiff is not a lone Bitcoin critic. During the World Economic Forum (WEF) in Davos, Switzerland,&nbsp;billionaire Ray Dalio <a href="https://u.today/ray-dalio-lambastes-bitcoin-btc-praises-gold-in-davos">slammed Bitcoin</a> for not functioning as money.&nbsp;&nbsp;&nbsp;
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Peter Schiff Insists That Bitcoin (BTC) Is Not Money, Says Its Buyers Will Suffer Loss

Thu, 01/23/2020 - 05:49
article image
Alex Dovbnya
Euro Pacific Capital CEO admits that he has made a "costly mistake," but he still believes that Bitcoin (BTC) is not money
Peter Schiff Insists That Bitcoin (BTC) Is Not Money, Says Its Buyers Will Suffer Loss
Cover image via www.instagram.com
Read U.TODAY on
Google News
Contents

After finally figuring out what happened to his Bitcoin wallet, Peter Schiff, the CEO of Euro Pacific Capital, got back to his regular hobby of trashing Bitcoin. In response to Anthony Pompliano, one of the loudest crypto proponents, Schiff claims that the cryptocurrency with a market cap of $154.1 bln doesn't qualify as money.

"The fact that the price of Bitcoin went up in the past does not qualify Bitcoin as being money and it has nothing to do with my analysis."  

card

Another viral moment for Schiff 

In case you were worried about Peter Schiff's Bitcoin stack, he has finally realized what happened to his wallet. It appears that the gold bug simply mistook his PIN for the password, which is why he can no longer access his coins. 

Peter Schiff
image by @PeterSchiff 

Schiff's latest tweet instantly went viral with many members of the cryptocurrency proponents being genuinely surprised that the infamous Bitcoin critic could make such a beginner-level mistake. 

As reported by U.Today, Schiff made plenty of headlines last week by publicly admitting to losing all his Bitcoin. 

Schiff and Dalio on the same page 

Schiff routinely criticizes Bitcoin as a bad investment option. Back in December, he warned millenials about being wiped out in BTC. 

Now, he also says that confusing BTC for money is a much bigger mistake than forgetting his password. Schiff predicts that Bitcoin investors could potentially lose significantly more than he did. 

"A lot of people are making fun of me for confusing my pin with my password. I made a mistake and it cost me my #Bitcoin. But confusing Bitcoin for money is a much larger mistake and those who are making it will lose far more than I did!" 

Schiff is not a lone Bitcoin critic. During the World Economic Forum (WEF) in Davos, Switzerland, billionaire Ray Dalio slammed Bitcoin for not functioning as money.   

#Bitcoin Price Prediction
article image
About the author
Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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