You Won’t Believe What Peter Schiff Just Said About Bitcoin (And Silver) 🤦‍♂️

Behold! Peter Schiff, the Cassandra of cryptocurrencies, emerges from the gloom once again—our modern Oracle of Disdain, if you will—wielding a shiny bar of silver in one fist and a gold-plated sneer in the other. One almost expects him to burst into a Dostoevskian monologue, lamenting the moral decay of men who, having abandoned the warm embrace of precious metals, now consort with digital phantasms masquerading as wealth.

On June 20th, Schiff, trembling with the passion known only to prophets and those denied their morning coffee, took to X—not as a mere mortal, but as a crusader against Bitcoin‘s ethereal wiles. “What are you doing with your life, dear reader?” he seemed to cry out. “Pour your rubles into honest silver! Silver—at least you can use it to ward off vampires, unlike Bitcoin, which may well be the vampire.” 🧛‍♂️

Schiff, ever the steadfast defender of gleaming vaults (and Twitter engagement metrics), remains unmoved by the allure of digital gold. Bitcoin, in his view, is a borscht with no potatoes: all hype, no substance. This latest sermon is no departure from his own script, just a lively sequel: This time, it’s silver’s moment on the stage! And why not—at least you can drop it on your foot and feel something real.

Predictably, the crypto faithful were swift to descend, pitchforks-emoji in hand, their rebuttals echoing through the void. “If Bitcoin is doomed, why does it keep coming back like some sort of capitalist Rasputin?” they ask, perhaps rhetorically, and perhaps with the haunted look one gets from checking BTC prices at 3AM.

All Bitcoin will disrupt is the fortunes of those who buy it.

— Peter Schiff (@PeterSchiff) June 20, 2025

In the fetid swamp of the comments, Schiff doubled down with the fervor of a man who once bet his entire reputation on Blockbuster. Fools! he declares, lured by cryptocurrency’s siren song. Silver, he insists, will not betray you, though it may tarnish your pockets and your patience.

Ironic, then, that despite all this keening about impending doom, Bitcoin sits above silver on the global ledger of riches, ranked a smug seventh with approximately $2.079 trillion to silver’s still-respectable $2.007 trillion. Silver inched up to the window, peering jealously at Bitcoin’s penthouse suite. 🥈🤷‍♂️

Meanwhile, Bitcoin, perhaps bored by all this melodrama, slips slightly below its weekly high—trading just above $104,700, which for most mortals is still a sum capable of causing existential crises. War, peace, or Peter Schiff’s latest post—does it even matter? In this play, everyone seems doomed to repeat their lines, forever stuck between a rock and a block(chain).

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2025-06-20 11:02