Imagine, dear reader, that venerable Peter Schiff, that eternal nay-sayer of the crypto bazaar, has once again graced us with his solemn judgment, proclaiming that the illustrious Bitcoin has plunged headlong into the den of the bear market. Ah, the thrill of prophecy from one who insists on seeing shadows in the daylight!
Yet behold! The spirited denizens of the crypto village, armed with their pixelated pitchforks and memes, rally to cast scorn upon his woeful lamentations, accusing him of peering too deeply into his cracked crystal ball-fixating rather foolishly on fleeting, short-term mumblings of the market.
BTC Takes a Tumble: 20% Less Glorious Than Gold
On a crisp September 24, our economist sage took to his digital megaphone, declaring Bitcoin “not living up to its hype,” as though that alone could settle the question for eternity. He bewailed a 20% dip against the ever-glimmering gold, as if such a numerical lurch condemned the crypto realm to bear market doom.
“To speak of digital gold!” he scoffed, “is to invite comparison, and lo! Bitcoin has fallen twice as much as the sacred metal’s modest 10% slipping.” Oh, the tragedy of precise percentages! Meanwhile, gold itself, that old chestnut, marched ever onward, climbing with the undeterred patience of a mule carrying a drunken prince-up 11% in one month, no less.
And so Bitcoin, that wilful rebel, staggered down from a dizzying height of $123,800 on August 13 to a modest 13-day nadir of $112,200 by September 22. The numbers twitch and twirl, but the tale is just beginning.
Forgo not that this is no mere whim of Peter’s. Nay, days before, he had foretold gold’s triumphant breakout, while Bitcoin’s chart, as read by the mysterious Stockmoney Lizards-whose very name evokes visions of Wall Street alchemists-displayed a bearish rising wedge. A fiendish pattern, indeed! $112,000 was the boundary line, $110,000 the razor’s edge, beyond which lurks an abyss of doom!
The Crypto Legion Strikes Back ⚔️
But hark! The defenders of digital treasure would not let this proclamation pass unchallenged. They cried, “Fie on your gold measurements, Sir Schiff!” accusing him of shifting the goalposts with the agility of a drunken dancer. For in truth, Bitcoin boasts triple-digit gains against gold over the last five years-a feat more impressive than any gold leaf on Peter’s mustache.
“Calling a 20% dip a bear market in the cryptic kingdom,” jeered one voice from the ether, “is like calling a sprinkle a deluge!” Indeed, the market moves with the caprice of a mischievous sprite.
Another sage from the digital throng reminded us that gold, measured in Bitcoin, has plummeted a staggering 99.3% since 2015 – from about 4.84 BTC per ounce to a mere 0.033 BTC today. If that isn’t a lesson in perspective, what is?
Our old friend Peter, at 62 years young, presses on relentlessly. According to the oracular Grok-an artificial intelligence that surely appreciates a good joke-he has predicted Bitcoin’s demise no fewer than 237 times since the fateful year of 2011. Either he suffers from remarkable optimism after each miss, or he suspects Bitcoin to have the staying power of an immortal cockroach.
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2025-09-25 02:52