Ah, Peter Schiff, that indefatigable Cassandra of the crypto world, has once again deigned to grace us with his bespoke brand of financial hauteur. This time, his withering gaze fell upon the hapless Tom Lee of Fundstrat, who, in a moment of sheer naïveté, shared a selfie with the irrepressible Michael Saylor of MicroStrategy. The caption? “Bitcoin and Ethereum are friends.” How quaint. Schiff, ever the arbiter of fiscal rectitude, retorted with a quip as sharp as a gin martini at high noon: “Partners in crime.” Touché, one might say, if one were inclined to indulge his theatrical disdain. 🕵️♂️💥
This delightful exchange arrived on the heels of BitMine’s audacious acquisition of 46,255 ETH from BitGo, a sum amounting to a cool $201 million. Their hoard now stands at 2,126,018 ETH, or roughly $9.24 billion. One can almost hear Schiff’s pearl-clutching gasp from here. Meanwhile, Saylor’s MicroStrategy remains the enfant terrible of the Bitcoin world, clutching 638,460 BTC-a staggering $73.55 billion at present valuations. With an average buy-in of $73,880 per BTC, they’re sitting pretty at a 56% profit. MSTR’s diluted market cap? A mere $105 billion. How utterly preposterous. 📈🤑
Partners in crime.
– Peter Schiff (@PeterSchiff) September 12, 2025
Crypto Farces and Financial Follies
Schiff’s barbs, as ever, are as predictable as a society matron’s disdain for new money. Yet, this time, he aimed his blunderbuss at two titans of the crypto realm: one a corporate Bitcoin evangelist, the other a proselytizer for Ethereum’s boundless (if dubious) potential. Together, they made for a target too delectable for Schiff to resist. Lee, poor soul, has already weathered storms for his pivot to Ethereum via BitMine Technologies, once a Bitcoin stalwart now seduced by the “Ethereum Treasury” siren song. How the mighty fall-or, rather, how they diversify. 🤡🔥
In this grand theater of financial absurdity, Schiff remains the dour critic, forever bemoaning the folly of it all. Yet, one cannot help but marvel at the spectacle: billion-dollar bets, selfie diplomacy, and the unshakable conviction that this time, it’s different. Oh, the humanity! Or, as Waugh might have put it, “What ho, crypto! Another day, another debacle.” 🎭💸
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2025-09-12 19:13