As if the universe itself had conspired to make the most vocal Bitcoin skeptic, Peter Schiff, a veritable prophet of despair, raised his voice yet again, bellowing like a stormy sea against the dark clouds of crypto’s downturn. This time, the tempest targeted CNBC, that modern-day oracle of market whispers, for daring to speak of Bitcoin’s bullish past with a tone of reverence.
While Schiff claims CNBC has grown timid, whispering of Bitcoin’s correction like a child afraid of the dark, he insists the media and its audience remain blind to the truth: Bitcoin is but a fleeting mirage, a ghost in the machine of finance.
In his latest sermon, Schiff denounced CNBC’s analysts and their guests, declaring them lost souls, unable to fathom why Bitcoin’s price plummets while the world once dreamed of its sky-high ascension. A tragedy of epic proportions, surely.
Schiff: Bitcoin is ‘just a modern-day tulip’
Though the critic has paused his usual tirades, he has returned to his favorite parable: Bitcoin, he insists, is nothing more than a 21st-century tulip, a bubble so transparent it could pierce the heart of a philosopher. The crypto crowd, he claims, has mistaken chaos for opportunity, mistaking a gamble for a legacy.
Yet again, the pro-gold advocate reaffirms his thesis, a mantra repeated since Bitcoin flirted with the $1,000 mark, as if the passage of time itself had no power to alter his convictions. A modern-day prophet, forever preaching to the choir of skeptics.
His argument? That the confusion on CNBC is not about market trends, but about analysts refusing to acknowledge that Bitcoin’s rise mirrors the madness of a tulip craze. A tale as old as time, yet still told with the fervor of a man who’s never owned a single coin.
Commentators, ever the rebellious children of the internet, retorted with the wit of a thousand memes, reminding Schiff that his “tulip” analogy has been a constant companion since Bitcoin was a mere whisper in the dark. A decade of predictions, and yet, here we are, still waiting for the crash that never comes.
They pointed out that Schiff’s warnings, spanning over 15 years, have been as reliable as a broken clock-tick-tock, but never right. And yet, he remains a figure of ridicule, a cautionary tale for those who confuse fear with wisdom. After all, who’s wealthier now? The believers or the critics? 🤔💸
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2025-11-18 01:24