Peter Schiff may be unable to sell his Bitcoin (BTC), after getting locked out of his wallet. Schiff, who has been critical of BTC and sees its price as potentially tanking, tweeted that his wallet failed to decrypt.
Peter Schiff Loses Acess to his Bitcoin Stash
Bitcoin wallets are not forgiving of lost passwords or key files, and Schiff said he effectively lost all his coins.
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 My wallet got corrupted somehow and my password is no longer valid.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
Of course, Schiff’s BTC stash is safe and sound, in case he manages to make the wallet work again, or recovers the password. PIN and passwords, as well as key phrases, or lost wallet.dat files, have locked a significant part of the BTC supply by accident. Schiff, however, claims he is using the correct…