Oh, Bitcoin, the financial equivalent of a rollercoaster designed by a sugar-high toddler. Today, it’s bouncing between $67,000 and $65,000 like it’s trying to decide if it wants to be a yacht or a really nice used car. Meanwhile, Michael Saylor is over there with his “never been more bullish” pom-poms, while Peter Schiff is still clutching his pearls and shouting into the void about how Bitcoin is a bubble. Classic Pete.
What’s truly hilarious is Schiff’s latest X post, where he admits he underestimated the amount of “dumb money” flooding into Bitcoin. Oh, Peter, you sweet summer child. You thought people wouldn’t FOMO into a digital asset like it’s the last slice of pizza at a party? Bless your heart. He’s basically saying, “I wish I were dumb enough to realize how dumb everyone else would be.” It’s like watching a man complain about traffic while refusing to drive a car.
$126K Miscalculation: Schiff vs. The “Dumb Money” Olympics
Let’s be clear: Schiff still thinks Bitcoin has as much intrinsic value as a pet rock. But even he can’t ignore that it’s gone from $1 to $126,198, thanks to what he calls “speculative participation.” Translation: people are throwing money at it like it’s a Beyoncé concert ticket. And yes, early buyers triggered a rally that made even skeptics go, “Wait, am I the dumb one?” It’s a feedback loop of greed, FOMO, and “I’m not missing out on this yacht money.”
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Schiff’s take? “I wish I were smart enough to realize how many people would be dumb enough to buy Bitcoin.” Oh, Pete, you’re like the guy who didn’t invest in Uber because “horses are timeless.” Meanwhile, Bitcoin’s now in ETFs, CME derivatives, and has more institutional custody than a royal baby. But sure, keep calling it a bubble while it outlives your skepticism.
I wish I were smart enough to have realized how many people would be dumb enough to buy Bitcoin when I first learned about it. Because so many were dumb enough, the price rose so high that others who were also too smart felt dumb and bought it too. Then greed and FOMO kicked in.
– Peter Schiff (@PeterSchiff) February 19, 2026
If you’re team Schiff, you’d argue Bitcoin’s 70% corrections are proof it’s a scam. But team Bitcoin would counter with, “Uh, it’s now in ETFs, CME, and has more infrastructure than a suburban mall.” As of mid-February 2026, Bitcoin’s sideways chop between $71,000 and $60,000 is like a financial shrug. And let’s be real: being bearish on Bitcoin right now is about as edgy as ordering a latte. So, Peter, keep being fashionable. The rest of us will be over here, sipping our FOMO smoothies.
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2026-02-19 19:44