According to U.Today, Peter Schiff, a well-known critic of Bitcoin and gold enthusiast, has reported a significant drop in his social media followers. Schiff, who is known for his negative comments about Bitcoin, addressed his concerns directly to Elon Musk, the leader of X. He reported losing between 500 and 1,000 followers every night for the past month, despite gaining new followers throughout the day. This has kept his total follower count from exceeding 1,014,000.
Schiff's post sparked a conversation among users about the potential reasons for his follower loss. Some speculated that his repeated negative comments about Bitcoin could be the cause. Others humorously suggested that people might be tired of Schiff's apocalyptic predictions about Bitcoin. However, Schiff himself suggested that Musk might have something to do with his follower loss, although it seems unlikely that Musk would directly interfere with the follower counts of specific accounts.
The most probable explanation for Schiff's follower loss is the presence of bots. X is known to actively combat spam accounts and bot farms that employ mass-following tactics. Schiff's situation highlights the complex dynamics of social media platform algorithms, which can often confuse users. A decrease in follower count is not necessarily indicative of poor content management, but could be a result of actions taken by the platform itself.
