On January 19, famous cryptocurrency critic and perhaps the biggest gold fan on the globe, Peter Schiff, stated on Twitter that he lost access to his Bitcoin wallet. I knew it was pointless! Schiff also added that his BTC is now without any value, especially market value. He also added that: "I knew owning Bitcoin was a bad idea, I just never realized it was that bad!" The crux of the problem After Schiff tweeted a post about his loss, the cryptocurrency community quickly rushed to the rescue. For example, co-founder and partner at Morgan Creek Digital Anthony Pompliano responded to him by asking if he himself had forgotten his password, to which Schiff replied: "My wallet forgot the password." Pompliano in turn asked Schiff to send him a private email. "Software only follows commands given by humans. It can't 'forget' anything. Send me an email and I will try to help you recover your lost Bitcoins " - he stated. However, it seems that the matter is more complicated, and even strange, because Schiff replied: "Eric Voorhees set up a wallet for me and even he is of the opinion that there is nothing I can do anymore. But you can try if you have any ideas." We all know that Schiff is known for his criticism of cryptocurrencies. Just before the New Year, he stated that unlike every other asset class, BTC does not rise at the end of the calendar year as part of the so-called Santa Claus rally, which supposedly showed the weakness of the digital currency. Meanwhile, in late November, the investor stated on Twitter that the price of BTC would fall to $1,000 to "complete the pattern." However, let's keep one thing in mind. He himself is known to invest almost exclusively in gold. So he has some vested interest in criticizing cryptocurrencies, which are valiantly struggling to establish themselves as a new safe haven (they proved it during the recent Middle East crisis, when the price of BTC jumped harder than gold). So Schiff may be deliberately attacking digital assets that are taking capital away from the bullion market, according to research. Tags Peter Schiff Peter Schiff bitcoin bitcoin loss
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