Well, slap my wallet and call me broke-Bitcoin’s taken a nosedive below $90,000, and the financial world is having a collective panic attack. 🥴 Meanwhile, Peter Schiff, the human embodiment of “I told you so,” is gleefully waving his “I Hate Bitcoin” flag like it’s a victory banner at a medieval joust. 🏰⚔️
With investors clutching their crypto wallets like they’re about to fall into a black hole, Schiff has seized the moment to declare the “digital gold” narrative as dead as a dodo. 🦤✨ And boy, does he love a good “I told you so.” But let’s be honest, if Schiff had a nickel for every time he called Bitcoin a scam, he’d probably have more money than Bitcoin’s current market cap. 💸
Bitcoin Down 40% Against Gold-Or Is It Just Napping? 😴
Schiff, ever the optimist (not), points out that Bitcoin is down 28.5% from its recent high. But the real kicker? It’s down a whopping 40% when priced in gold. 🏆 Gold, that shiny rock we’ve been hoarding since the dawn of civilization, is still sitting pretty above $4,000. So, naturally, Schiff argues that the “digital gold” hype is about as real as a unicorn riding a rainbow. 🦄🌈
“Bitcoin’s collapse relative to gold exposes the digital-gold hype as a fraud. Those who bought into it will sell,” he chirped, probably while polishing his gold bars. 🧹✨
Bitcoin just dropped below $90,000. It’s down 28.5% from its high. But more significantly, with gold still trading above $4,000, Bitcoin is down 40% priced in gold. Bitcoin’s collapse relative to gold exposes the digital-gold hype as a fraud. Those who bought into it will sell.
– Peter Schiff (@PeterSchiff) November 18, 2025
Of course, the internet had thoughts. One user pointed out that calling Bitcoin “not digital gold” because it’s volatile is like saying a rollercoaster isn’t fun because it goes up and down. 🎢🤦♂️ Bitcoin was never promised to be a sedative-it’s more like a shot of espresso for your portfolio. ☕💥 Sure, gold had a stellar 2025, but that doesn’t mean Bitcoin’s long-term party is over. 🎉
Gold Surges 55%-But Can It Tweet? 🐦
Gold has been on a tear this year, hitting new highs like it’s trying to impress a date. 💍 It climbed over $4,300 per ounce in October, and in 2025 alone, it’s up more than 55%. Meanwhile, Bitcoin’s been more volatile than a soap opera plot, trading around $91K with a measly 1% gain for the year. 🧼📉
Performance in 2025:
Gold: +53%
Bitcoin: -1%– Brew Markets (@brewmarkets) November 17, 2025
Schiff Calls Bitcoin A “Modern Day Tulip”-Again 🌷
Schiff also took a swipe at CNBC analysts, claiming they’re “at a loss” to explain Bitcoin’s drop. “Their confusion results from not recognizing that Bitcoin is just a modern-day tulip,” he quipped. 🌷 Users were quick to remind him that he’s been singing this tune since Bitcoin was $100. 🎶 Broken record, much? 📀
One user countered that Bitcoin’s drop has actual macro reasons: tightening liquidity, extreme leverage, Treasury issuance sucking money out of the system, stressed funding markets, and ETF flows unable to keep up. 📉 But hey, once the dust settles and the money flows back, Bitcoin will probably bounce back like a rubber ball. 🏀
Downturn Nearing Its End-Or Is It Just a Nap? 😴
Analysts at The Kobeissi Letter remind us that Bitcoin has survived worse-25%, 50%, even 75% crashes. And every time, it’s come back stronger, like a financial phoenix. 🦜🔥 So, this current sell-off? Just another blip in the crypto rollercoaster. 🎢
Several analysts agree: this downturn is likely closer to its end than its beginning. So, buckle up, grab your popcorn, and enjoy the ride. 🍿🚀
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2025-11-18 14:23