Peter Schiff Says He Would Have ‘Loaded Up’ On Bitcoin Had He Known That The BTC Bubble Would ‘Get This Big’

Renowned economist and Bitcoin (CRYPTO: BTC) critic Peter Schiff said he would have bought the leading cryptocurrency far earlier had he anticipated the “bubble” to grow as big as it is currently.

What Happened: On Monday, Schiff, in his characteristic best, dismissed Bitcoin’s ongoing bull run as a “popular delusion” and “madness of crowds.”

“The overall losses when the bubble finally pops will be staggering,” Schiff alarmed.

He added that it’s not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. “This is likely the biggest misallocation of resources in human history.”