The well-known Bitcoin hater allegedly lost all of his Bitcoin holdings. Now he feels even stronger in his aversion to cryptos.
Peter Schiff, a gold advocate and wealth manager, has long been a skeptic of Bitcoin and other digital currencies. In fact, Schiff has commented on the cryptocurrency across several phases. Today, Sunday, he continued to confirm his aversion to Bitcoin. This time it was mostly for personal reasons and crypto-Twitter was quick to bite back.
Schiff received $ 1,800 in Bitcoin donations
Last year, in July, Peter Schiff posted a Bitcoin address on Twitter after being asked to start a fundraiser by Anthony Pompliano, an advocate of cryptocurrency and its technology. Although Schiff had claimed that Bitcoin had no value in the real world in his opinion, many Bitcoin fans have sent some Satoshis to the address.
The address soon had more than 0.2 BTC, which is currently around $ 1,800. The Bitcoin critic did not pay the donations and instead committed to becoming a Hodler, as Decentalbox reported. He added that he would then “go down with the ship”. Funnily enough, it now seems that Schiff may no longer be able to hodl his Bitcoin.
“Wallet was damaged”
A few hours ago, Schiff suddenly told his 180,000 Twitter followers that he had just lost all of the Bitcoin he has ever owned. He means the amount he received at the above donation address and another $ 100 that he once received as a gift. Ship added the following in addition:
“My wallet was somehow damaged and my password is no longer valid. Now not only my Bitcoin itself are worthless, they also have no market value anymore. I knew that owning Bitcoin was a bad idea, I just never realized it was so bad! “
With this in mind, the self-proclaimed gold bug said that he thinks Bitcoin is “basically worthless,” doubling his claim that he has made several times in the past. Given this criticism and its previous comments, crypto-Twitter quickly refuted Schiff’s comments.
Anthony Pompliano said him that it’s probably just a lost password, which happens when you’re irresponsible. Schiff disagreed and claimed that “his wallet forgot his password.” Digibyte’s Jared Tate also spoke up and explainedIf Schiff has properly saved his seed phrase and / or private keys, then he should be able to get the bitcoins back over time. That would mean that the BTC are not lost forever, as Schiff believes in his tweet.
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