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Bitcoin detractor Peter Schiff admits BTC could hit $ 100,000 and regrets not buying

In what may seem like a 180-degree turn, popular cryptocurrency detractor Peter Schiff acknowledged that Bitcoin impressive growth could reach new heights of $100,000 and even expressed regret for not investing in the flagship cryptocurrency.

Bitcoin detractor Peter Schiff admits BTC could hit $ 100,000 and regrets not buying

Bitcoin detractor Peter Schiff admits BTC could hit $ 100,000 and regrets not buying

Although he remains as skeptical as ever: it was more of a 360 degree turn, with a brief stop.

Schiff, an advocate for gold and known in the crypto community for being a full-time Bitcoin critic, shared his take on a recent episode of the Coin Stories podcast.

An article by CryptoPotato collected the comments of the economist and renowned investor.

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While Schiff took advantage of the space to reiterate his rejection of digital currencies, he could not help but admit that Bitcoin has positioned itself among the best performing assets of the last decade, relative to its value against the US dollar. In fact, according to CryptoPotato, Bitcoin has posted an investment return of 8,900,000%, far outperforming gold.

With this in mind, the economist accepted the possibility of Bitcoin reaching a price of $100,000 or even higher, he noted that the top cryptocurrency could hit $1 million a unit, an incredibly high prediction – especially for a skeptic.

However, the bullish forecast did not come without a reproach. For the detractor, the promising increase in prices of the digital currency does not mean that Bitcoin is less of a bubble, a position that has been reiterated on different occasions. Instead, he added that Bitcoin could become such a big bubble that it could even replace the term “ponzi scheme.”

Beyond his criticisms, Schiff dared to admit that he regrets not having bought Bitcoin 10 years ago, when he first learned about this technology. He said he wouldn’t mind being among the crypto billionaires lists today.

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