Peter Schiff Blames Himself for the Bitcoin Surge: "You Buy Every Time I Say No"

Peter Schiff is many things, but one of the most widely known characteristics is his intense hatred for Bitcoin. Now, the cryptocurrency man that Twitter loves to hate is at it again, but not in the way you might think. After the Bitcoin 2025 conference, Schiff, who has spent over a decade calling BTC a bubble, made a statement about X that no one saw coming: "I might be the person responsible for more people owning Bitcoin than any other individual." Yes, it really is. In Schiff's classic style, it's half an insult, half self-awareness. "Every time I tell you not to buy Bitcoin, you end up buying more," he joked. But behind this statement is a deeper tension - because although Schiff may joke about promoting adoption, he is more convinced than ever that Bitcoin is causing real harm. Let's explore his perspective. Worship status? Schiff still doesn't believe it. Schiff does not hide the fact that he undermines the fundamental principles of Bitcoin as usual. He asserts that there is no real creation of wealth, only redistribution. "What has happened is a massive transfer of assets from early Bitcoin and cryptocurrency buyers to later buyers." And in a summary of his long-standing position, he emphasized his favorite comparison: He said that the Bitcoin community is like "a giant cult." This type of comment is sure to cause outrage. Fed, Bitcoin and the battle for the future The recent outburst from Schiff occurred just yesterday. He publicly criticized the new Bitcoin buyback bill proposed by Senator Cynthia Lummis. This proposal suggests that the U.S. government could use funds from the Federal Reserve to buy Bitcoin - potentially amounting to hundreds of billions of dollars. For Schiff, this is an act of economic sabotage. "A selfish effort to enrich the few" He argued that this bill is designed to pump money into the pockets of early Bitcoin users while leaving the average American to deal with the consequences. He argued that this will only exacerbate the inflation crisis and destabilize the economy. And if it is passed? Schiff had a stern warning for Capitol Hill: "No member of Congress who initiates a plan to buy Bitcoin deserves to be re-elected." Is Schiff the greatest Bitcoin seller? Here's something noteworthy: The more Peter Schiff criticizes Bitcoin, the more it gains attention - and acceptance - overall. Whether you like it or not, he has now become a part of the story. It's strange that it happened.