Peter Schiff is a lot of things, but one of the best known most important characteristics is his immense hatred for Bitcoin. Now, the man that crypto twitter likes to hate is again, but not in the way you might think.
After the Bitcoin 2025 conference, Schiff, who spent more than a decade calling BTC a bubble made a declaration on x person saw coming:
“I am probably responsible for more people with Bitcoin than any other person.”
Yes, really.
A classic fashion of Schiff, it was half insult, half self -awareness.
“Whenever I tell you not to buy bitcoin, you buy more”, “ He joked.
But under the declaration, there is a deeper tension – because although Schiff can joke about the adoption of driving, it is more convinced than ever than Bitcoin made of real damage.
Let us disrupt his point of view.
Cult status? Schiff still doesn’t buy it
Schiff did not retain his usual withdrawal from the fundamental principles of Bitcoin. He insists that there was no real wealth creation, just a redistribution.
“What happened was a massive transfer of wealth from those who bought bitcoin and the crypto early from those who bought later.”
And in a line that sums up his long -standing position, he has doubled his favorite comparison:
The Bitcoin community, he said, is like “A giant cult.”
This is the kind of remark that is guaranteed to arouse indignation.
Fed, Bitcoin and a fight against the future
Yesterday, the recent explosion of Schiff came yesterday. He publicly criticized a new Bitcoin acquisition bill presented by senator Cynthia Lummis. The proposal suggests that the US government could use the federal reserve funds to buy Bitcoin – potentially hundreds of billions.
For Schiff, it is an economic sabotage.
“An selfish attempt to enrich the rare”
He argues that the bill is designed to pump the bags of the first Bitcoin adopters while letting the average Americans face the fallout. He maintains that it would only like the inflation crisis and destabilize the economy.
What’s going on? Schiff had a severe warning for Capitol Hill:
“No member of the congress who launched the Bitcoin purchase plan is worthy of re -election.”
Does the largest seller of Schiff Bitcoin?
Here is the kicker: the more Peter Schiff rails against Bitcoin, the more attention – and adoption – it seems that it has. Like it or not, it is part of the story now.
Strange how it works.
