Peter Schiff’s Hilarious Rant on the Fed’s Bitcoin Shenanigans!

by

Ah, the ever-eloquent Peter Schiff, that stalwart defender of gold and relentless critic of Bitcoin, has once again graced us with his thoughts. In a recent post on X, he has taken a sledgehammer to the new Bitcoin acquisition bill, crafted with the utmost care by none other than Senator Cynthia Lummis. One can only imagine the late-night brainstorming sessions that led to this masterpiece! 🎨

Americans, Brace Yourselves! 🚨

This bill, which has garnered a rather enthusiastic reception, suggests that the U.S. government should expand its Bitcoin holdings by conjuring hundreds of billions of dollars from the Federal Reserve. Yes, you heard that right—money from thin air! Who needs a magic show when you have Congress? 🎩✨

While this move might send the price of Bitcoin soaring like a kite in a hurricane, our dear Peter believes it’s merely a ploy to fatten the wallets of those already swimming in Bitcoin riches, leaving the average American gasping for air. “What a generous gift!” he might say, dripping with sarcasm.

According to his astute analysis, this bill is poised to unleash further chaos upon the U.S. economy, exacerbating the inflation that has already turned our wallets into mere shadows of their former selves. Who knew that inflation could be so fashionable? 💸

The @CynthiaMLummis Bill, which proposes that the Federal Reserve create hundreds of billions of dollars out of thin air, substantially worsening the existing inflation problem, then use the newly created money to buy one million Bitcoin, solely to enrich the people who already…

— Peter Schiff (@PeterSchiff) May 28, 2025

Schiff, in his infinite wisdom, has labeled this bill a selfish endeavor, designed to line the pockets of a select few while the rest of us are left to scramble for scraps. It’s like a buffet where only the VIPs get to eat! 🍽️

Now, whether Peter’s concerns stem from a genuine love for the American people or simply his ongoing vendetta against Bitcoin is up for debate. After all, he has made a career out of opposing major Bitcoin initiatives, like a cat who refuses to acknowledge the existence of a cucumber. 🐱🥒

Known for his skepticism regarding Bitcoin’s long-term value, Schiff has consistently argued that it lacks the intrinsic worth necessary to sustain an institution—or an economy, for that matter. It’s like trying to build a house on quicksand; one can only hope it doesn’t collapse under the weight of its own absurdity.

As the bill remains in its infancy, yet to be birthed into law, Peter is confident it will meet the same fate as a poorly written play—never to see the light of day. However, should the unthinkable happen and it actually becomes law, he warns that no Congress member who supported this Bitcoin bonanza deserves a second term. Talk about a plot twist! 🎭

Read More

2025-05-28 23:52