I know OP is a troll, and have warned others about him in the past myself, but for the sake of any newbies reading this thread, I wanted to make one final post to conclude this nonsense:

Turns out, to the surprise of absolutely no one, that the reason Schiff couldn't log in was because he was indeed trying the wrong password: https://twitter.com/PeterSchiff/status/1220135541330542592

This whole nonsense has nothing to do with bitcoin being hacked or insecure, wallets being corrupted or stolen, or computers "forgetting" passwords (which is hilarious even to suggest). It is entirely because one guy didn't take the most basic of security precautions and forgot his password.

Schiff doesn't understand the first thing about bitcoin or technology in general.

I guess you are right with that. He posted again with his twitter account and it tends that his problem has been solved.
https://twitter.com/PeterSchiff/status/1220135541330542592

Just wanna add one correction he is saying he didnt forget his password rather his wallet forget his password. I dont think he saying he lost in trading by wrong moves. Either way its the responsibility of user to take care of his btc.

I lost my smartphone, therefore owning a smartphone "Was a Bad Idea"... Hmm. I wonder if he was even telling the truth, maybe there are no lost funds or bitcoin wallet in the first place.

Otherwise he would have know about making the seed words phrase. For how long has this been documented? Probably since about the time paper wallets fell in disuse, that's YEARS ago.

If true, the lesson is good for whomever might have a wallet but not the seed words, remember, those seed words are everything, you can lose your password and your wallet, but never lose these words. If you wallet is too old, move the funds to a new one and generate the seed words, write them with your own hands in a piece of paper, secure this paper. You should probably have two copies, and secure them both on separate physical locations.

If you own a wallet, with any meaningful amount of coins, and still don't have the seed word phrase, do it now. Find the proper way to do it, with a secure os booting from a live iso (Tails OS is a good choice). This is the same for any wallet, hardware wallet is not excuse, with the seed words you can lose the wallet and still get access back to your money. A hardware wallet is not a good long term storage solution, but the paper with words is.

Peter has been known as one of the haters of Bitcoin or cryptocurrency, so I doubt that he's telling truth unless he has enough proof, I think he just did this to seek attention and to make people panic at all that it can be happen to them too, so don't believe much in everything what he's saying.

I’m confused, what do you mean that someone stole his Bitcoin?
But, he said that he lost them and they were not stolen, so how do you arrive on your idea that it was stolen? You even said it here that it was as a result of a software update that made him lose his Bitcoins.

Let’s just take it like that, he made a mistake and he lost his Bitcoin, there’s nothing we can say about it and there is no way he can recover it and we also feel sorry for him. On his Twitter he even wrote that he knew owning Bitcoin was a bad idea but he never knew it was this bad.

Given your response, you did not even bother to read the first post of this thread.  Seriously, you offer an opinion in a thread you did not even read     The stupidity and incompetence of some people here is just shocking.

UPDATE 23 JANUARY 2020

Peter Schiff figured out exactly what happened, and all of Peter Schiff's bitcoin is gone FOREVER, now living in BitCoin Heaven...   Eric Vorhees set up Peter Schiff's wallet at a debate for him, and Never gave Peter Schiff's his Seed words, nor his password...  Peter Schiff used his PIN believing that was all he needed until a software update logged him out of his wallet, and he now has no way to get back in...  So Peters Bitcoin is TOTALLY GONE as Peter First reported, the only difference is that we now know why.

For the few people HONEST enough with themselves that they want to hear the story directly form PETER SCHIFF, listen from here, it is short and starts at 45:30 in the video:

https://youtu.be/yVEC1XplEGc?t=2730