The post SAVAGE: Peter Schiff At The Bitcoin 2025 Conference, Calls Entire Crowd “Bag Holders” in Epic Takedown appeared on BitcoinEthereumNews.com.

Yes, he did it again. At the huge Bitcoin 2025 conference in Las Vegas – surrounded by 30,000 true believers, countless crypto booths, and an atmosphere of religious fervor – renowned gold advocate Peter Schiff stepped into the lion’s den and demolished everything the crowd held sacred. And here’s the kicker: Schiff admits he’s probably responsible for more Bitcoin ownership than anyone else at the conference. “Based on what I’ve been told by countless people who have asked me to pose for selfies with them, I am probably responsible for more people owning Bitcoin than any other person at this conference,” Schiff revealed with characteristic bluntness. “And every time I tell you guys not to buy Bitcoin, you buy more.” The $100,000 Mistake That Started It All Schiff’s Bitcoin origin story reads like a masterclass in missed opportunities – or brilliant foresight, depending on your perspective. Back in 2010, during his Senate campaign, staffers suggested he buy the mysterious digital currency trading for around a dollar. “I actually thought about buying it, you know? I mean, it was I don’t know if it was a dollar, less than a dollar more. I can’t remember exactly. I thought about throwing 10 grand in or 50 grand,” Schiff recounted. But he says he asked the question that ended his momentary flirtation with digital currency: “What’s to stop somebody else from coming up with another one? I mean, you could just make another one and have another name and can have the same properties. So, in other words, there’s an unlimited number of cryptos that could be created.”  That realization killed the deal. “Well …, you know, why buy it?” Even when Bitcoin hit $1,000 and crashed to $300-400, Schiff couldn’t pull the trigger. “My biggest mental problem was I couldn’t pay $400…

---

Filed under: News - @ May 31, 2025 3:26 am