Remember when Peter Schiff said this...

So, four years back, he claimed Bitcoin would never see the $100K mark. Some dude saved his tweet and brought it up when Schiff was discussing Bitcoin's potential role in social security: Is it just me, or has anyone else noticed Schiff throwing around more ideas linking Bitcoin and government lately? Sure, he’s a known bear and is an easy target for memes, but honestly, some of these fresh suggestions he’s bringing up are pretty interesting.

Here is merely copying/repeating the socio-political and socio-economic hypothesis/theories about Bitcoin that some of the most intelligent Bitcoiners have said during its early days. It's either that, OR, he perhaps is actually learning more and MORE about the technical side of things about Bitcoin - WHICH would make him start to have shower-thoughts about its economic and political effects on society.

One of those who was not on the guest list for the $100,000 party has his name listed at the top. The beautiful thing about truth is that it proves itself over time. Bitcoin has proven itself to be a solid asset many times over. Some people may have such incomplete vision that they cannot see this beauty.

It's not just Peter who has been saying those stuff. Most of the people in the finance business usually link the unusual things happening in society to the government being the party behind it. It's not even unusual anymore. The government can even take down the Bitcoin website long before it has a market but why leave it as is until it has grown this big? I think I heard this from Peter as well or from Ray Dalio.

He was wrong and he should admit that, $100k is nothing for Bitcoin, it's going to reach $1M, $5M, $10M, and beyond that. Bitcoin is not going to rest at $100k and Peter should read this post that one day Bitcoin will surely cross $1M and that day isn't far.

Edited out.

That man knows a lot about bitcoin. I believe he has the knowledge to know what bitcoin is and he is not too old like Warren Buffett. But the old assets and fiat system have been been the way he made his money and decided to let it be like that. But the way he criticized bitcoin is like a blind man telling people that he can see visually. He forgot that we can not see love and a lot of things in life but they are real. Thinking only what is physical has value but bitcoin proved him wrong completely.

I went ahead after seeing this post to read about his tweets on X (Twitter), so he moved from a Bitcoin critics full of doubt to being affiliated with Bitcoin news. So far, his recent posts has been about Bitcoin and how the US government plan on making reserves. I am carried away by one of his post , the Trump government promised to establish along side Bitcoin, if they should by chance begin to purchase huge amounts of profits then we surely will experience further price increases which might be a big problem considering that investors will get badly tempted and begin to sell off and this will automatically drop the price of Bitcoin. According to @Peter Schiff's 1 million worth of Bitcoin is huge enough to shift the market, this purchases should be done strategically and over time in other to keep the market running instead of picking on a lump sum purchase, that will tragically affect the market later on. I think if we cross $150K in a rush, many investors will get tempted.

That reply is a character development, I guess he's done with hiding his true intent why does he keep on telling the public that he's a Bitcoin hater? It won't be surprising if he changes his narrative towards his Bitcoin. His son is a holder as well, IIRC. I think his moves are like Jamie Dimon and his JP Morgan chase company. So, they send negativity to the community and have it published but they were secretly in accumulation.

to be fair some influential figure hates Bitcoin so much back then, it's kinda understandable, sometime people are afraid of change. but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion. eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.

One thing I understand in the cryptog space is that some people will definitely say all manner of things about a coin or token that they don't like. Some will criticize any coin they don't like but people who really like the coin will want to defend it. The thing is that Bitcoin have already surprised a lot of them and I love the fact that Schiff said he made a wrong call, now he realized his mess up. 4 years ago, if he had bought like 5 or 10 Bitcoin at $19k, he would know how far by now.

Yes, Peter Schiff, is indeed stubborn, he has recently criticized Bitcoin again and he also opposes statements made by Donald Trump and also Michael, the speculation stated by Schiff is always negative towards Bitcoin policy. For example: As we know, Trump in his speech stated and proposed how to get the US to buy Bitcoin to reduce debt, that was Trump's statement in his campaign speech. 1. Schiff speculates. 2. Schiff speculates. Two suggestions that Schiff makes that I think are against Bitcoin policy.

You should read more carefuly his other tweets, it was a joke actually, I don't think it would be serious to believe he was really thinking that a country like US could make a kind of Ponzi scheme with BTC in order to fix Social Security despite tirelessly repeating that Bitcoin is just a speculative bubble that will burst very soon and it's less risky to gamble your money at casino. He made those tweets right after the initial one quoted in OP actually

Schiff is bearish on the dollar so the price for any asset can be extremely high.    A decade ago he would have been able to include that in his world view but didnt say it.   BTC outperformed the Dollar hence the price rose, its not even that contradictory to his general views. More then anything his take is the collapse of the dollar, so he should always been more positive on BTC then he has been.  Not saying a supporter but not full negative, his son is more positive afaik.

He never tires of making a fool of himself, it seems. I sometimes watch his videos because he actually has a good understanding of how markets work and factors like inflation. Not for nothing is he a multi-millionaire due to his investments, but he persists time and again in his error. At this rate we will get to $5M a coin when he is 89 and still from the nursing home he will continue to insist is that bitcoins are like tulips.

Once an anti-Bitcoin will remain an anti-Bitcoin... or I guess not for some but for Peter Schiff, he will stand on what he knows is right and will remain an anti-Bitcoin until he realizes that he's wrong and will soon follow what most of us are doing - supporting Bitcoin. Of course, he will not admit that he's wrong and I hope that one day, when Bitcoin reaches $100,000, we all send a picture of this to him whenever he makes a tweet on his X account. I doubt that he will change his stance with regards to Bitcoin TBH, and I believe that for the rest of his life, he will remain as an anti-Bitcoin.

The thing with all these people who used to speak ill about Bitcoin is that they always find a way to remain relevant even when they talk thrash about the coin. For now, his stance on Bitcoin being a bubble that would soon burst is still strong but it just takes a matter of time till he changes his opinion.  Many people before him have prophesied that Bitcoin would amount to nothing but we're seeing how far it's progressing. People will listen to him because of his status in the society and how big of an investor he is but it doesn't matter because is beating all odds. Soon enough he'd eat his words, no doubt.

That's how some influential figures who are still skeptical of bitcoin still have thick facial skin so there is no shame in stating bitcoin is meaningless even though it is approaching $100K. Especially now that the US government supports bitcoin, it will be even hotter to see some policies that are positive for bitcoin while figures who hate bitcoin will continue to babble about it, maybe in their hearts they regret not investing. Lol

Or they are going to attack Bitcoin no matter what happens, whether bear or bull run, this kind of personalities will have to talk negative about it. And even if they are proven wrong, they will not accept it. And that's how it is, sometimes I think that's how it fuel the market though, with this anti-Bitcoin sentiments. Maybe we can turn some none believers into investors, or maybe some of them are quietly buying ever since and have a bag full of BTC already. But for those, yeah, they might have regretting their decisions but they don't want to change their stance.

At least Peter Schiff admit if he was wrong, not many so called speculators can do that. But, it seems that he's not a Bitcoiner yet, I haven't heard he bought Bitcoin. Unlike Michael Saylor, from Bitcoin naysayer to Bitcoin yeasayer. Unfortunately, the rose of Bitcoin price to $90K, instead of making people to buy Bitcoin now, many people actually think Bitcoin now overpriced. Public perspective still not changed yet, not like gold price drop, it make people to accumulate more.