Peter Schiff has never hidden his distaste for Bitcoin, but his latest comment on X has added a new twist to his long-running feud with the cryptocurrency. The economist, known globally as one of BTC’s most persistent skeptics, admitted that he made a major mistake when he first encountered it more than a decade ago.

His mistake, however, was not about failing to buy early or doubting a successful technology. Instead, Schiff insisted that his real error was assuming other people would recognize why Bitcoin wouldn’t work.

Biggest Mistake Was Trusting People To Understand Bitcoin’s Flaws

In his recent tweet, Schiff stated that he initially believed most people would see Bitcoin the same way he did, as a system destined to fail because it is not backed by anything physical and

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