Peter Schiff Finally Admits Bitcoin Would Have Made Him Richer, But There's a Catch
Analysis
Price Impact
MedPeter schiff's acknowledgment, while notable for his long-standing skepticism, doesn't directly drive immediate price action. however, the market conjecture regarding the bitcoin-to-gold ratio dropping towards the 'unlucky 13' target (implying a 30% decline from current levels) could trigger short-term market sentiment shifts and price adjustments for bitcoin.
Trustworthiness
HighPeter schiff's quote is a direct admission. the 'unlucky 13' target is attributed to bloomberg analysts, a reputable financial news source, providing a market analysis perspective.
Price Direction
BearishThe immediate focus on the bitcoin-to-gold ratio potentially declining to the 'unlucky 13' zone implies a significant short-term drawdown for bitcoin relative to gold, suggesting bearish pressure. while the article notes bitcoin's historical ability to 'snap back,' the current analytical target points to a potential downside move.
Time Effect
ShortThe discussion around the 'unlucky 13' target and a potential 30% drawdown suggests an imminent or near-term price movement. the 'snap back' scenario would also occur within a relatively short-to-medium timeframe in typical market cycles.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Renowned cryptocurrency skeptic Peter Schiff acknowledged that he would have been far wealthier if he had bought Bitcoin, delivering the rare on-the-record admission in reply to a post comparing Bitcoin’s more than 28,000% 10-year gain with gold’s 266% — a contrast he normally avoids giving any oxygen. Advertisement So, yes, Peter Schiff indeed confirmed that Bitcoin would have made him much wealthier, but not without a catch. As he says, his current level of wealth is more than enough for him, financial growth is not his only priority and that no one needs to view him as a casualty of missing Bitcoin’s rise . Yes I'd be richer had I bought Bitcoin. But I'm rich enough as it is. Plus, there is more to life than money. So there is no need to feel sorry for me, even if I did miss the boat on Bitcoin. HOT Stories Morning Crypto Report: XRP and $1.69 Trillion Franklin Templeton, Coinbase Reveals Key Data for SHIB Holders, Bitcoin Prints 7,149% Liquidation Imbalance Ripple Executive Reacts to BlackRock’s First Abu Dhabi Board Meeting Strategy (MSTR) Having Second-Worst Month Since Buying Bitcoin Morning Crypto Report: Dogecoin and SHIB 'Santa Rally' Ready? XRP May Hit $5 Thanks to ETF Launch, Bitcoin Bulls Win Back $37 Million — Peter Schiff (@PeterSchiff) November 24, 2025 In short, he accepted the math behind the performance gap but framed it as a missed opportunity rather than a personal setback. For a figure who has spent years positioning Bitcoin as unreliable speculation, the acknowledgment itself became the main takeaway. Advertisement Bitcoin vs. gold today In the meantime, the current market conjecture is the Bitcoin-to-gold ratio doing something it has not done in years. The long-trusted 25 oz. per BTC floor failed cleanly, dropped into the low 20s and is now tracking toward the 13 zone described by Bloomberg analysts as the "Unlucky 13" target — the one that implies a 30% decline from the current level. You Might Also Like Mon, 11/24/2025 - 14:09 Fed, Whales and Congress: Deutsche Bank Explains Bitcoin Crash By Alex Dovbnya If Bitcoin really slips into that 30% drawdown zone, Schiff finally gets the kind of short-term chart he has been begging for, a moment where the ratio seems to tilt in his favor. But if the drop stalls and Bitcoin snaps back the way it has in every major cycle, his brief victory disappears and the decade's-long performance gap becomes even harder for him to outrun. #Peter Schiff #Bitcoin #Bitcoin News