In a heated exchange with a major exchange founder, gold advocate Peter Schiff dropped a sharp take on bitcoin holders:



"Plenty of folks sitting on heavy bitcoin losses don't even know it yet. They're still clutching the coins, thinking they're fine."

The comment highlights an ongoing clash between traditional asset believers and crypto evangelists. Schiff's argument? Unrealized losses are still losses—paper gains work both ways.
BTC-2.83%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GasOptimizervip
· 12-04 22:56
Schiff's argument is just a data blind spot... Has he ever calculated how many people actually have a long-term holding cost basis below the current price? Or is he just speaking based on feeling? Where's the on-chain evidence?
View OriginalReply0
GateUser-0717ab66vip
· 12-04 22:55
This guy is still hyping up gold, but how does he know BTC holders are losing money...
View OriginalReply0
TopBuyerForevervip
· 12-04 22:52
Huh? Schiff is still arguing over there, huh. He really just won't let people hodl in peace, will he?
View OriginalReply0
LeekCuttervip
· 12-04 22:49
Schiff is worrying over nothing again. He can't even protect his own gold brick fortress, yet he's trying to lecture us. Hilarious.
View OriginalReply0
WhaleSurfervip
· 12-04 22:33
This guy really thinks he's a prophet. Trying to scare people with paper losses? Wake up, Peter.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)