Peter Schiff claimed in a tweet after the Bitcoin 2025 Conference that “I’m probably responsible for more people owning Bitcoin than any other individual,” referencing the many participants who informed him that they purchased Bitcoin as a result of his anti-Bitcoin views.
Over the years, Schiff has been known for his unrelenting criticism of Bitcoin, often claiming that it is worthless compared to gold. However, he now seems to acknowledge the irony—in typical Schiff fashion—blending self-awareness with sarcasm. He laughed and said, “Every time I tell you not to buy Bitcoin, you buy more.“
Schiff noted in a follow-up essay that his outspoken Bitcoin criticism may have backfired. Even though some Bitcoiners blame him for missed profits, many of them ended up buying. Referring to his interactions at the Bitcoin event, he stated, “I’ve run into a few here.“
Bernstein Projects Corporate Bitcoin Allocation of $330 Billion Over the Next Five Years
Even while Peter Schiff remains adamant that Bitcoin is inferior to gold, the underlying truth he inadvertently highlights cannot be ignored: controversial figures often drive Bitcoin adoption as much through criticism as they do through endorsement.
Whether intentional or not, Peter Schiff has now become one of the most effective reverse marketers of Bitcoin. His continuous criticism seems to have fueled more curiosity and purchases among investors than traditional promotion efforts.
According to Bernstein, the future of corporate Bitcoin allocation looks extremely promising, with projections estimating up to $330 billion flowing into Bitcoin over the next five years. This growing institutional interest continues to validate the asset despite ongoing debates.
The article titled “Peter Schiff Admits Ironic Role in Bitcoin Boom: ‘I’m Likely Responsible’” was originally published by Coindoo.
There are no reviews yet. Be the first one to write one.
