The Perilous Predicament of Bitcoin: A Bearish Ballad by Mr. Schiff đŸ»đŸ’„

by

Mr. Peter Schiff, that indefatigable champion of the golden gleam, has once again cast his discerning eye upon the cryptocurrency realm and declared, with all the solemnity of a man who has long since abandoned hope in the modern age, that Bitcoin is not to be had for less than its current exorbitant price. One might say he’s as bearish as a grumpy badger in a tea shop, scoffing at the notion of digital coins.

Mr. Schiff’s Grandstand on the $100K Bit

“Bitcoin isn’t on sale,” he quipped in a recent missive upon the X platform, “for it is, in fact, ludicrously priced at the lofty sum of approximately $100,000.” Ah, but what is this Bitcoin, you ask? A phantom, dear reader, a specter without substance or inherent worth, producing nary a cash flow and backed by naught but the collective delusion of speculators.

With the gravity of a man who once bet his top hat on the collapse of tulip bulbs, Mr. Schiff proclaimed that a six-figure valuation for this digital contraption is “absurdly detached from reality.” He further opined that the Bitcoin boom is but a frothy bubble, destined to pop like a pricked balloon at a children’s party. And when it does, he warns, those clinging to their BTC will find themselves stranded on a desert island of regret, with no lifeboat in sight. “Sell while you still can!” he cried, “for the window slithers shut like a serpent in a garden of Edenic speculation.”

Bitcoin isn’t on sale; it’s ludicrously priced. The days of fetching ÂŁ100k for your stash are as fleeting as a summer soufflĂ©. What’s on sale, dear friends, are the real treasures-gold, stocks, and that charming cottage in Babbiton.

– Peter Schiff (@PeterSchiff) November 7, 2025

Mr. Schiff, ever the savior of sensible investments, urged investors to trade their BTC for “real” assets-gold, of course, his favorite, but also real estate and stocks, as if such things weren’t equally prone to the whims of the market. His words, however, were met with the vigor of a cat swatting a laser dot. One commenter, with the wisdom of a man who’s weathered a thousand crypto winters, remarked, “Every time Mr. Schiff tweets FUD, the market rallies like a phoenix with a spring in its step.”

In response, Mr. Schiff, with the poise of a man who’s never been wrong, noted that Bitcoin had indeed tumbled 25% since October’s peak, as if this were proof of his prophetic prowess. Another commenter, with the fervor of a true believer, countered that Bitcoin is not overpriced but “underowned,” citing the scarcity of available coins as if it were the last loaf of bread in a post-apocalyptic world.

The Great BTC Debate: Bubble or Brilliance? đŸ€”

Mr. Schiff is but one voice in a chorus of doomsayers. Recently, the esteemed DonAlt declared he’d wait until BTC reclaimed $110,000 before considering a bottom, while Michael Saylor’s strategy teeters on the brink of a 55% plunge. Even BlackRock, that titan of finance, has joined the exodus, offloading BTC and ETH with the haste of a man fleeing a sinking ship.

As of this writing, BTC flounders around $100,359, a price that oscillates like a pendulum of madness. Yet trading volume soars to $78 billion, as if the world’s investors have collectively decided to play a high-stakes game of Jenga with their savings. One might say it’s a spectacle to behold-a financial pantomime where the punchline is yet to be written.

Read More

2025-11-07 16:27