Main navigation

Peter Schiff Says Those Who Are Not Selling Bitcoin Now Are "Real Idiots"

News
Fri, 08/20/2021 - 19:30
article image
Alex Dovbnya
Euro Pacific Capital CEO Peter Schiff keeps urging Bitcoiners to sell their holdings after a whole decade of awfully wrong predictions
Peter Schiff Says Those Who Are Not Selling Bitcoin Now Are "Real Idiots"
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Angered by Bitcoin’s most recent revival, Euro Pacific Capital CEO Peter Schiff lashed out at holders in a recent tweet, claiming that those who are not selling their coins right now are “the real idiots.” At the same time, he acknowledged that he would himself be an idiot if he had no regrets about not buying the flagship cryptocurrency when its price was much lower.

The permabear has been engaging in pure fearmongering for years. He turned bearish on Bitcoin all the way back in mid-2011 and has spent the last decade stubbornly downplaying its success.

In December 2019, when Bitcoin was trading at roughly $7,200, Schiff stated that Bitcoin was “a Ponzi” that was running out of buyers. Those who paid heed to Schiff’s advice on 566 percent gains.

Related
Cardano Foundation Parts Ways with Its Global Community Manager
As reported by U.Today, Bitcoin recently jumped back above the $48,000 level earlier today, putting bulls back in control.

After hitting an intraday high of $49,163, the flagship cryptocurrency then shed some of its gains.

article image
About the author

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.