Prominent Bitcoin Critic Schiff Admits Regret Over Not Investing at $10

Peter Schiff, a prominent stockbroker and gold investor, rejected the opportunity to invest in bitcoin when it was trading at a few dollars in 2010.

Despite his criticism of bitcoin, Schiff said he would have invested solely for the profit potential, likening it to a gamble rather than a "genius" move.

Schiff predicted bitcoin's decline back in 2014 and compared it to "tulip mania 2.0" in 2013, but he hasn't changed his negative stance since.

Schiff said he wishes he had invested $10,000 to $100,000 in bitcoin back then as he may be worth hundreds of millions now, assuming he didn't sell.

Schiff said he would have only bought bitcoin betting on other people being "dumb enough" to buy it from him at a higher price later.