Schiff Says He’s Responsible for People Buying Bitcoin

Bitcoin naysayer Peter Schiff has stated that he is “probably responsible” for more people owning Bitcoin than anyone else.

“Well, based on what I’ve been told by countless attendees at Bitcoin 2025, I’m likely responsible for more people owning Bitcoin than any other individual,” he said. 

“Every time I tell you not to buy Bitcoin, you buy more,” he quipped at the Bitcoin 2025 conference. 

At the same time, Schiff remains highly critical of Bitcoin, claiming that no wealth was created with the help of the largest cryptocurrency.

“What has happened is a massive transfer of wealth from those who bought Bitcoin and crypto early to those who bought later,” he noted. 

Schiff, who first started criticizing Bitcoin all the way back in 2011, claims that the community behind the cryptocurrency is like “a giant cult.”