Gold advocate and longtime Bitcoin critic Peter Schiff warned recently that holders may soon regret not selling Bitcoin above $60,000. Schiff admitted regretting not buying BTC early but insisted there is not a chance he would buy now, not even at $20,000. Bitcoin traded above $65,005 on July 15, leaving Schiff's warning roughly $5,000 below the current market price. The comment represents the latest bearish call from Schiff, who has previously declared Bitcoin doomed at price levels below $1,000, $10,000, and $20,000.
Schiff Warns of Selling Regret Above $60,000
Schiff said recently that people's regret over not buying Bitcoin early may be followed by a different kind of remorse. He stated: "Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance." The comment carried an unusual concession as Schiff admitted his regret at not buying Bitcoin when he first learned about it. He quickly closed the door on any conversion, insisting there is not a chance he would buy now, not even at $20,000.
Bitcoin Trades $5,000 Above Schiff's Warning Level
Bitcoin pumped to $65,000 on July 15, its first reclaim of the level since renewed U.S.-Iran tensions drove the price below $62,000 earlier in the week. The current price trades roughly $5,000 above Schiff's regret threshold of $60,000. 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. Schiff has declared Bitcoin doomed below $1,000, $10,000, $20,000, and now around the $60,000 mark. Bitcoin entered the year at substantially higher levels before a June selloff dragged it toward $58,000, and the asset remains down double digits year to date even after the current rebound.
Schiff Criticizes Strategy's Bitcoin Holdings
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, arguing the asset lacks earnings, yield, or book value to anchor any valuation. Schiff contends that if the market's biggest corporate buyer has turned seller, the bid that defined the last cycle is gone. Dip buyers keep absorbing every slide below $62,000, and derivatives traders are positioned at record longs.
FAQ
What did Peter Schiff say about Bitcoin holders on July 15?
Peter Schiff warned recently that holders may soon regret not selling Bitcoin above $60,000. He stated: "Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance." Schiff admitted regretting not buying BTC early but insisted there is not a chance he would buy now, not even at $20,000.
How does Bitcoin's current price compare to Schiff's warning?
Bitcoin traded above $65,005 on July 15, roughly $5,000 above Schiff's stated regret threshold of $60,000. The price reclaimed the $65,000 level after renewed U.S.-Iran tensions drove it below $62,000 earlier in the week. The bounce has extended more than 15% through mid-July since bottom seekers lifted Bitcoin off recent lows in June.
