On January 19 of this year, Peter David Schiff took to Tweeter to announce that he was not able to access his crypto assets as a result of wallet issues and, after that, Schiff was taunted by the crypto community on the platform because of this claim. At the same time, the creator of Ethereum, the second largest crypto coin, Vitalik Buterin, came to Schiff’s defense.
In the middle of last year, on 4th of July, Peter Schiff admitted that he owned Bitcoin (BTC), Ethereum (ETH) as well as Bitcoin Cash (BCH). Schiff is the Chief Executive Officer of Euro Pacific Capital Inc, a brokerage firm based in Connecticut, as well as the founder of SchiffGold, a Manhattan-based precious metals dealer. He was also famous for not having much faith in digital assets such as Bitcoin, however, after admitting to owning crypto assets he also stated that he would hold his Bitcoin despite any possible price changes of the digital currency.
Yet, yesterday Peter Schiff declared that he had lost his Bitcoin and his wallet password was invalid. Although Schiff believes that there was an inherent issue with the crypto wallet that he was using, a large number of crypto users on Tweeter were commenting that he had just forgotten his password. The person who set up Schiff’s account, according to him, announced on Tweeter that the issue was with Schiff and not Bitcoin. Schiff still insists that he had not forgotten his crypto wallet password.
It is not clear still what wallet application Peter Schiff was using and it has also been speculated that Schiff is trying to persuade crypto users to drop digital assets and opt for gold instead. However, Vitalik Buterin, a very influential person in the crypto community, took to Tweeter to defend Schiff and say that the crypto wallet technology needs to be improved.
Buterin is the founder of Ethereum, an innovative technology in the crypto world, which has been growing throughout the years. In order to earn more information about Ethereum & its price, have a look at Ethereum Price updates as well as Ethereum Price Predictions.