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Crypto Skeptic Peter Schiff Claims Losing His Bitcoin

Crypto Skeptic and Gold bug Peter Schiff claimed that he had lost access to his Bitcoin wallet while claiming his password is no longer valid.

On Jan. 19 Schiff took to twitter while adding that his BTC is now intrinsically worthless and has no market value:

I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad! — Peter Schiff (@PeterSchiff) January 19, 2020
“I knew owning Bitcoin was a bad idea, I just never realized it was this bad!”

Crypto community came on together after Schiff’s tweet. For example, co-founder and partner at Morgan Creek Digital Anthony Pompliano responding by asking if he forgot his password, to which Schiff responded that:

“My wallet forgot my password.”

Pompliano then asked Schiff to email him directly:

The software just executes the commands that humans give it. It can’t “forget” anything. Email me and I’ll try to help you recover the lost Bitcoin. — Pomp 🌪 (@APompliano) January 19, 2020

However it looks like the BTC may indeed be gone for good, as Schiff responded:

Eric Voorhees set up the wallet for me and even he thinks there is nothing I can do. But you're welcome to try if you have any ideas. — Peter Schiff (@PeterSchiff) January 19, 2020

Skepticism on BTC Price

Schiff is known as an outspoken critic of cryptocurrencies. Just before the New Year, he claimed that unlike every other asset class, BTC was not rising toward the end of the calendar year. In late November, Schiff claimed in a Twitter debate that the price of BTC would drop to $1,000 to “complete the pattern.”


#peterschiff #bitcoinwallet #Bitcoin #btc #cryptocurrency

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