Key Takeaways
- Peter 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 Refrain
The gold advocate and longtime bitcoin critic said recently that people’s regret (including his own) over not buying bitcoin early may be followed by a different kind of remorse, stating:
“Soon, more people will regret not selling Bitcoin above $60,000 when they had the chance.”
The comment carried an unusual concession as Schiff admitted his regret at not buying bitcoin when 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 Market
Schiff’s timing invites scrutiny yet again, given bitcoin pumped to $65,000 today, 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 because Bitcoin.com News reported in June that bottom seekers had actively lifted bitcoin off 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 declared bitcoin doomed 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 as bitcoin entered 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 Subplot
Schiff has aimed much of his recent fire at Strategy, the largest corporate bitcoin holder. He warned that Strategy’s roughly 840,000 BTC treasury could bring “much greater” losses after the firm began selling coins under its monetization program. He has also questioned the narrative that bitcoin is “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.
Bitcoin advocates 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.