Economist Peter Schiff said on Monday that he regretted not buying Bitcoin (CRYPTO: BTC) when he first learned about the top cryptocurrency.
Bitcoin’s Eternal “Regret”
In his X-post, Schiff contrasted Bitcoin’s early FOMO with the strategic mistake of holding the asset for too long.
“Many people, including myself, regret not buying Bitcoin when they first heard about it,” he said. “Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance.”
Many people, including myself, regret not buying Bitcoin when they first learned about it. Soon, more people will regret not selling Bitcoin above $60K when they had the chance.
— Peter Schiff (@PeterSchiff) July 13, 2026
Will Schiff Buy Bitcoin for $20,000?
This isn’t the first time Schiff has admitted he missed out on Bitcoin. In an interview in March 2024, he regretted not buying the world’s largest cryptocurrency back in 2010, given the potential profits.
Does this mean he will switch to Bitcoin at the first opportunity?
“No chance,” Schiff explained, adding that he wouldn’t even buy if Bitcoin fell to $20,000.
Some Bitcoin enthusiasts accused him of secretly storing the cryptocurrency, but he immediately denied this claim.
This is not a chance. $20k is too much to pay for nothing.
— Peter Schiff (@PeterSchiff) July 13, 2026
Read also:Bitcoin, Ethereum, XRP, Dogecoin Fall as Trump Reimposes Strait of Hormuz Blockade: Analyst Says Whales Are ‘Actively Accumulating’ BTC
Is Bitcoin here to stay?
Schiff’s remarks reflect his long-standing bearish view that Bitcoin is overvalued and headed for a significant decline. In fact, he tops the list of Bitcoin obituaries, declaring the asset “dead” a whopping 23 times.
Schiff aggressively promotes gold as the ultimate safe haven while deriding Bitcoin as a worthless asset.
While Bitcoin did underperform gold last year, its compound performance over the long term is substantially better.
Object | Profit for 1 year +/- | Profit for 4 years +/- | 10 year return +/- |
Bitcoin | -48.33% | +203% | +9.247% |
Spot gold | +20.23% | +135% | +203% |
Price Action: At the time of writing, BTC was trading at $62,521.08, down 0.27% over the last 24 hours, according to data from Benzinga Pro.
Read also:Peter Schiff says conditions are ripe for a ‘huge rally’ in gold as war in Iran escalates, here are some ETFs to watch
Photo: Hi, my name is Jacco on Shutterstock.com
UNLOCKED: 5 NEW DEALS EVERY WEEK. Click now to receive the best trading ideas dailyand unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
This article Peter Schiff regrets not buying Bitcoin when he first learned about it, but there’s “no chance” he’d buy it now – even at $20,000. Originally appeared on Benzinga.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.