Peter Schiff, a well-known gold advocate and longtime bitcoin critic, has issued a fresh warning. He recently stated that more people will soon regret not selling bitcoin above $60,000 when they had the chance. This comment comes with an unusual concession. Schiff admitted his own regret at not buying bitcoin when he first learned about it. That is a rare acknowledgment from a man who has consistently called the asset worthless. He quickly closed the door on any conversion, however, insisting there is “not a chance” he would buy now, not even at $20,000.
Timing and Track Record
Schiff’s timing invites scrutiny yet again. Bitcoin recently pumped to $65,000, its first reclaim of that level since U.S.-Iran tensions drove the price below $62,000 earlier in the week. Anyone following Schiff’s advice would be selling into a market trading roughly $5,000 above his regret threshold. His track record fuels skepticism. Bitcoin.com News reported in June that bottom seekers had actively lifted bitcoin off its recent lows even as Schiff warned the worst was still ahead. The bounce has since extended more than 15% through mid-July. It bears mentioning that Schiff has declared bitcoin doomed below $1,000, $10,000, $20,000, and now around the $60,000 mark. That said, 2026 has undoubtedly given his bearishness more ammunition than most years. Bitcoin entered the year at substantially higher levels before a brutal June selloff dragged it toward $58,000. The asset remains down double digits year to date even after the current rebound.
Focus on Strategy
Schiff has aimed much of his recent fire at Strategy, the largest corporate bitcoin holder. He warned that Strategy’s roughly 840,000 BTC treasury could bring “much greater” losses after the firm began selling coins under its monetization program. He has also questioned the narrative that bitcoin is “cheap” at current prices. Schiff argues the asset lacks earnings, yield, or book value to anchor any valuation. For Schiff, the two arguments converge. If the market’s biggest corporate buyer has turned seller, he contends, the bid that defined the last cycle is gone.
The Bigger Picture
Bitcoin advocates read the same facts differently. Dip buyers keep absorbing every slide below $62,000, and derivatives traders are positioned at record longs. Whether the next regret belongs to those who did not sell above $60,000, or once again to Schiff for calling the exit early, may be decided by whether $65,000 holds in the weeks ahead.
