Peter Schiff, a well-known financial expert and implacable Bitcoin critic, admitted that he blamed himself for not buying cryptocurrency at $ 10. He stated this during a debate with the co-founder of the cryptofund Morgan Creek Digital Anthony Pompiano on CNBC.
“I reproach myself. I had the opportunity, I would have been a billionaire if I had only bought Bitcoin then. It was necessary to buy at the very moment when I only heard about him, ” said Schiff.
However, he noted that he would not buy cryptocurrency today. Schiff also stressed that he did not change his opinion that Bitcoin has no value. He is convinced that the first cryptocurrency is too volatile to be a medium of exchange. In addition, according to him, she has signs of a bubble.
In addition, a financial expert is confident that Bitcoin will never return to its historical highs.
“I don’t think that hyip or admiration is as strong today as a year or a year and a half ago. The price falls. I believe that the peak of the market was in December 2017 at $ 20,000 and at the same time there was a peak of interest in it. When the market fell, people began to look at things more balanced, since before that it had only grown. I would say that among Bitcoin owners there are more who lose money than earn. ”
Pompiano, he said that he was sure that bitcoin and gold could be in the same portfolio, noting that “it is a little short-sighted to play for gold, but not bitcoin”.
Recall that Pompiano and Schiff are not the first time leading a discussion about cryptocurrency. So, earlier the co-founder of Morgan Creek Digital sent Shiff $ 100 in Bitcoin to get a better acquaintance with the “digital gold”.
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