Schiff Says He Could Have Made Money with Bitcoin, Warns of AI Threat

Peter Schiff, a well-known critic of Bitcoin, has made some surprising comments about the cryptocurrency. In a recent post on Twitter, he said 'Yes, I could have made a lot of money with Bitcoin. But that's old news. Over the last five years or so I've been better off not owning Bitcoin. It's the Bitcoin HODLers who have left a lot of money on the table by not selling!'

Schiff has avoided investing in Bitcoin for roughly five years, and he claims to have outperformed those who held onto their Bitcoin during this time. He argues that by staying out of the market, he has come out ahead.

Schiff also warned about the potential risks posed by artificial intelligence (AI) to Bitcoin. He believes AI could compete with Bitcoin for resources such as electricity and data center space, and potentially even find flaws in the cryptocurrency's code or cryptography.