RATE Group | Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a ‘Bad Idea’
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Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a ‘Bad Idea’

19 Jan Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a ‘Bad Idea’

Posted at 17:47h in Bitcoin News by

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On Jan. 19, famous crypto skeptic and gold bug Peter Schiff claimed on Twitter that he has lost access to his Bitcoin wallet and that his password is no longer valid.

Schiff added that his BTC is now intrinsically worthless and has no market value. He also added that:

“I knew owning Bitcoin was a bad idea, I just never realized it was this bad!”

Getting to the bottom of the issue

After Schiff tweeted about his loss, the crypto community was quick to jump to the rescue. For example, co-founder and partner at Morgan Creek Digital Anthony Pompliano responding by asking if he forgot his password, to which Schiff has responded that, “My wallet forgot my password.”

Pompliano then asked Schiff to email him directly:

“The software just executes the commands that humans give it. It can’t ‘forget’ anything. Email me and I’ll try to help you recover the lost Bitcoin.”

However it looks like the BTC may indeed be gone for good, as Schiff responded:

“Eric Voorhees set up the…

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