Schiff is a well-known crypto hater. Specifically, bitcoin being the one that he particularly hates - the whole industry is subject to his wrath on social media. Crypto Twitter has had a field day with Schiff during his rant on the leading cryptocurrency. It’s no surprise that many people assumed he simply forgot his password and blamed it on the Wallet rather than his memory. I mean, it isn’t hard to forget a password! No one would blame him for forgetting it however, trying to blame the wallet and industry itself lead to quite a lot of hate towards the businessman.
It turns out everything has been figured out though now as the mystery of the wallet password has now been solved. It turns out that the entrepreneur mistook his pin for his password, hence not being able to access the Wallet. Peter did admit that he made a costly mistake of confusing the two but also added that he never had a copy of his seed phrase.
Whether you love him or hate him, I respect him for admitting part of the blame was on his end. Clearing the air alone was just a brave thing for him to do, given the amount of hate he got from the Crypto Twitter community. Typically when you create a blockchain wallet account like Peter has, you will be asked to provide an email address and password. You’re obviously then asked to re-enter such a password for confirmation.
- Source, Crypto Daily
