Peter Schiff Finally Admits He Got Bitcoin Wrong (Sort Of) 📉➡️🚀
The world’s most famous Bitcoin critic, Peter Schiff, has finally admitted to a "big mistake"—but it’s not what you think.
Schiff recently confessed that he underestimated the "Fear Of Missing Out" (FOMO) surrounding Bitcoin. For years, he believed people wouldn't put their hard-earned money into an asset he insists "will not work." His biggest error? He didn't expect the massive rush of global buyers that would prove his bearish predictions wrong.
A History of Missed Calls ❌
Schiff has been predicting a Bitcoin crash for over a decade.
The 2018 Prediction: When Bitcoin was trading around $3,800, Schiff famously claimed it would plummet to $750.
The Reality: Bitcoin didn't crash. It soared. In the latest cycle, BTC broke past $120,000 before stabilizing around $90,000.
That is not a crash—that is a historic rise.
"No Real Worth"? The Data Disagrees 📊
Schiff continues to argue that Bitcoin has no backing and is "nothing." However, global on-chain data from 2025 tells a completely different story about utility and value.
🌏 APAC Leads the Charge:
The Asia-Pacific region recorded the highest crypto adoption in 2025.
Top Countries: India 🇮🇳, Pakistan 🇵🇰, and Vietnam 🇻🇳.
Value Growth: On-chain value in the region jumped from $1.4 Trillion ➡️ $2.36 Trillion.
It’s not just speculation. In Latin America and Sub-Saharan Africa, millions are using crypto for daily payments and sending money across borders, bypassing slow traditional banks.
The Institutional Stamp of Approval 🏦
While Schiff calls the top holding plans "fraud," the world's biggest money managers are buying in record numbers.
Fresh Money: Reports indicate Bitcoin attracted over $1.2 Trillion in fresh capital—significantly outpacing Ethereum (ETH).
ETF Success: Since launching in the U.S. in 2024, Spot Bitcoin ETFs have brought in over $58 Billion. $BTC
