Gold Glitters, Bitcoin Bites: Schiff’s Epic Roast of Crypto! 🎭💥

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Ah, Peter Schiff, that tireless champion of gold and sworn nemesis of Bitcoin, has once again taken to the stage, armed with market fluctuations and a flair for the dramatic. As Bitcoin tumbled 7% from its lofty perch—mere moments after Trump’s “Liberation Day” soliloquy—Schiff seized the moment to extol the virtues of gold, that paragon of stability, which soared to a record high of $3,160. Quelle surprise! 🎭

For Schiff, the moral of the story is as clear as a polished doubloon: gold reigns supreme as the ultimate safe haven, while Bitcoin is but a fleeting wager in the casino of life. 🎰

Bitcoin, that fickle mistress, now leads the charge of risk assets into the abyss. Down 7% from its peak, it pales in comparison to gold, the true store of value, which has ascended to new heights above $3,160. Ah, the sweet sound of victory! 🥇

— Peter Schiff (@PeterSchiff) April 3, 2025

Schiff’s latest salvo came hot on the heels of MicroStrategy’s stock (MSTR) plummeting 11% on March 28. The company, helmed by Bitcoin zealot Michael Saylor, has become the poster child for institutional crypto adoption. Ever the opportunist, Schiff took to X (né Twitter) to question the resolve of Bitcoin’s faithful. 🤔

“In a recent interview, @saylor declared his readiness to ride Bitcoin to zero. How many of his fellow HODLers share this masochistic enthusiasm? And what of $MSTR shareholders? Is it nobler to embrace the void or to be blindsided by it?” he quipped. 🎭

Schiff has long dismissed Bitcoin as a speculative bubble, devoid of real-world utility and sustained solely by hype. In his eyes, it cannot hold a candle to gold, which has stood the test of time thanks to its industrial applications and natural scarcity. 🏆

Recently, he also took aim at BlackRock CEO Larry Fink, who dared suggest Bitcoin could hedge against the U.S. dollar. Schiff scoffed, dismissing it as a thinly veiled marketing ploy to promote BlackRock’s Bitcoin ETF. 🎯

In Schiff’s world, Bitcoin is a risky gamble, while gold remains the steadfast safe haven with tangible value. Bitcoin enthusiasts, however, argue that its fixed supply and decentralization imbue it with worth, much like gold, whose value, they say, is also rooted in perception. 🎭

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2025-04-03 14:47