Bitcoins (CRYPTO: BTC) longtime skeptic Peter Schiff on Tuesday warned that Bitcoin holders who bought for the same reasons he bought gold will lose money, even when their economic forecasts prove correct.
Schiff’s Warning: Right Thesis, Wrong Asset
Schiff posted on X that Bitcoin holders who prepared for the economic crisis by buying BTC instead of gold face a “frustrating and unfortunate” outcome.
“It’s going to be very frustrating for Bitcoin HODLers, who actually bought Bitcoin for the same reasons I bought gold and silver, to see all the economic forecasts we had in common come true, but to end up losing more money than people who did nothing to prepare,” Schiff wrote.
Bitcoin and gold buyers share similar views on dollar debasement, inflation, and financial crisis risks, but gold will preserve wealth while Bitcoin crashes when those predictions materialize, according to Schiff.
2026 Crisis Will Be “Much Worse” Than 2008
Schiff escalated …Full story available on Benzinga.com
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