On January 19, Peter Schiff claimed the loss of access to all of his Bitcoin holdings. He is the CEO of Euro Pacific Capital as well as the founder and chairman of SchiffGold. He is a renowned Bitcoin critic, quite skeptical about the crypto, exceedingly bullish when it comes to gold and likewise bearish on the USD.

He claimed to have three crypto assets (BTC, ETH, and BCH) on July 4, 2019. He also said he would HODL his Bitcoin without regard to whatever happens to its price.

On Twitter today, he expressed his anger towards BTC, following the alleged loss of access to the cryptocurrency wallet that holds his Bitcoin:

I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad! pic.twitter.com/6SJvDJOZU6 — Peter Schiff (@PeterSchiff) January 19, 2020

Some people in the cryptocurrency space are not convinced about why he thinks he has lost access to the wallet. He thinks the wallet has become corrupt because the password to it is not working.

Anthony Pompliano, also known as Pomp, believes that Schiff has simply forgotten his password.

Translation: You forgot your password?



Same thing happens to your email if you’re irresponsible and forget your password, Peter 🤷🏽‍♂️ — Pomp 🌪 (@APompliano) January 19, 2020

However, Schiff replied that he did not forget his password and Pomp offered to help him with the recovery of his crypto asset:

The software just executes the commands that humans give it.



It can’t “forget” anything.



Email me and I’ll try to help you recover the lost Bitcoin. — Pomp 🌪 (@APompliano) January 19, 2020

According to Schiff, the loss of access to his wallet was not due to his incorrect setup. He claimed that Eric Voorhees helped him set it up:

Eric Voorhees set up the wallet for me and even he thinks there is nothing I can do. But you're welcome to try if you have any ideas. — Peter Schiff (@PeterSchiff) January 19, 2020

Featured image courtesy of SchiffGold.