Peter Schiff finally admits that he was wrong about Bitcoin

Peter Schiff finally admits that he was wrong about Bitcoin

Saudu Clement
Saudu Clement

Years after consistently bashing Bitcoin, Peter Schiff, one of Bitcoin’s foremost critics has publicly admitted that he was wrong about the flagship currency. But then, it’s April 1, and the prominent gold bug could be pulling an April Fool’s joke.

Schiff took to Twitter to say “[he] was wrong about Bitcoin,” a comment that set crypto Twitter on fire. The tweet has gained over 26k likes and has been retweeted more than 4,000 times.

Responding to Schiff, John Williamson said:

So many of us appreciate and respect you and your work, it would be good to see a vid with your analysis that leads to this statement, your view going forward. BTW I still firmly believe that ‘all that glitters is not gold’ Thank you sir.

Someone else also suggested that Schiff turns his tweet into an NFT.

While many have suggested that the gold bug is simply pulling an April Fool’s Day prank, there is a possibility that Schiff has finally come to terms with the fact that he was wrong.

Looking at other tweets from Schiff, it is apparent that he is displeased with President Biden’s approach to governance, and is rapidly losing faith in the U.S. dollars.