Peter Schiff Says “I Could Have Made a Lot of Money With Bitcoin”

Investor Peter Schiff reflected on his past view of Bitcoin (BTC), stating that while he could have earned significant profits, he believes those who held the cryptocurrency without selling missed even larger gains.

Schiff’s Perspective on Bitcoin Performance

Schiff noted that he has avoided Bitcoin for roughly five years and feels he has been better off by staying out of the market. He contrasted his position with that of Bitcoin “HODLers,” who buy and hold regardless of price movements, suggesting they left money on the table by not selling.

Long‑standing Skepticism

The comment aligns with Schiff’s historic stance, where he has repeatedly framed Bitcoin price rallies as opportunities to sell rather than to buy more. He has also used Bitcoin’s price declines to promote gold as a safer store of value.

AI vs. Bitcoin Debate

In a related discussion, Schiff argued that artificial intelligence (AI) competes with Bitcoin for speculative capital, electricity, and data‑center capacity. He warned that AI could eventually uncover vulnerabilities in Bitcoin’s code or cryptography that have not been detected by humans.

Recent observations indicate that AI‑driven inflation pressures have contributed to Bitcoin’s range‑bound trading in recent months, though the extent of any direct security risk from AI remains uncertain.