Peter Schiff Sees a New Bitcoin Regret Coming: Not Selling Above $60,000
Economist Peter Schiff admitted he regrets not buying bitcoin early but predicted the next wave of regret will belong to holders who fail to sell above $60,000. The warning landed as bitcoin reclaimed $65,000. . .
Economist Peter Schiff admitted he regrets not buying bitcoin early but predicted the next wave of regret will belong to holders who fail to sell above $60,000. The warning landed as bitcoin reclaimed $65,000 earlier today. Key TakeawaysPeter Schiff said holders may soon regret not selling bitcoin above $60,000. Schiff admitted regretting not buying BTC early but insists he would not buy even at $20,000. Bitcoin traded above $65,005 on July 15, leaving Schiff’s warning roughly $5,000 below market. A Familiar RefrainThegoldadvocate and longtimebitcoincriticsaid recentlythat people’s regret (including his own) over not buyingbitcoinearly may be followed by a different kind of remorse, stating:“Soon, more people will regret not sellingBitcoinabove $60,000 when they had the chance. ”Image source: XThe comment carried an unusual concession as Schiff admitted his regret at not buyingbitcoinwhen he first learned about it, a rare acknowledgment from a man who has called the asset worthless at nearly every price. He quickly closed the door on any conversion, however, insisting there is “not a chance” he would buy now, not even at $20,000. A Warning $5,000 Below the MarketSchiff’s timing invites scrutiny yet again, givenbitcoinpumped to $65,000today, its first reclaim of the level since renewed U. S. –Iran tensions drove the price below $62,000 earlier in the week. Anyone following Schiff’s advice would be selling into a market trading roughly $5,000 above his regret threshold. His track record fuels the skepticism becauseBitcoin. comNews reported in June that bottom seekers hadactively lifted bitcoinoff its recent lows even as Schiff warned the worst was still ahead. The bounce that has since extended more than 15% through mid-July. Moreover, it bears mentioning that Schiff has declaredbitcoindoomed below $1,000, $10,000, $20,000, and now around the $60,000 mark. That said, 2026 has undoubtedly given his bearishness more ammunition than most years asbitcoinentered the year at substantially higher levels before a brutal June selloff dragged it toward $58,000, and the asset remains down double digits year to date even after the current rebound. The Strategy SubplotSchiff has aimed much of his recent fire at Strategy, the largest corporatebitcoinholder. Hewarned that Strategy’sroughly 840,000BTCtreasury could bring “much greater” losses after the firm began selling coins under its monetization program. He has alsoquestioned the narrativethatbitcoinis “cheap” at current prices, arguing the asset lacks earnings, yield, or book value to anchor any valuation. For Schiff, the two arguments converge, i. e. if the market’s biggest corporate buyer has turned seller, he contends, the bid that defined the last cycle is gone. Bitcoinadvocates read the same facts differently, as dip buyers keep absorbing every slide below $62,000, and derivatives traders are positioned at record longs. Whether the next regret belongs to those who did not sell above $60,000, or once again to Schiff for calling the exit early, may be decided by whether $65,000 holds in the weeks ahead.