Peter Schiff’s Hilarious Blame Game: The Bitcoin Boom He Never Wanted!

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Oh, dearie me! Peter Schiff, that delightful curmudgeon of the crypto world, is back at it again! You see, he’s not just a man with a penchant for grumbling about Bitcoin; he’s practically its biggest fan—though he’d never admit it! 😏

After the raucous Bitcoin 2025 conference, our favorite Bitcoin-bashing bard made a statement on X that left everyone scratching their heads:

“I’m likely responsible for more people owning Bitcoin than any other individual.”

Yes, you heard that right! Can you believe it? 🎉

In true Schiff style, it was a delightful mix of self-deprecation and cheeky sarcasm. He quipped:

“Every time I tell you not to buy Bitcoin, you buy more.”

Oh, the irony! But wait, there’s more! Beneath this jolly jest lies a serious concern—Schiff is convinced that Bitcoin is wreaking havoc on the economy. Let’s dive into his whimsical world of worries!

Cult Status? Schiff Still Isn’t Buying It! 🧐

Schiff didn’t hold back on his usual tirade against Bitcoin’s so-called “fundamentals.” He insists there’s no real wealth creation, just a merry-go-round of riches!

“What has happened is a massive transfer of wealth from those who bought Bitcoin and crypto early to those who bought later.”

And in a classic Schiff-ism, he likened the Bitcoin community to “a giant cult.” Oh, how charming! This is bound to ruffle a few feathers! 🦚

The Fed, Bitcoin, and a Fight Over the Future! 💥

Just yesterday, Schiff unleashed his latest tirade against a new Bitcoin acquisition bill introduced by Senator Cynthia Lummis. This proposal suggests the U.S. government could use Federal Reserve funds to buy Bitcoin—potentially hundreds of billions worth! Can you imagine? 💰

To Schiff, this is nothing short of economic sabotage!

“A Selfish Attempt to Enrich the Few!”

He argues that this bill is designed to fill the pockets of early Bitcoin adopters while leaving the average Joe to pick up the pieces. “Oh, what a tangled web we weave!” he warns, claiming it would only deepen the inflation crisis and send the economy into a tailspin.

And if it passes? Schiff had a rather stern warning for Capitol Hill:

“No member of Congress who initiated the Bitcoin buy plan is worthy of re-election.”

Is Schiff Bitcoin’s Greatest Salesman? 🤔

Here’s the twist: the more Peter Schiff rants against Bitcoin, the more attention—and adoption—it seems to garner! It’s almost as if he’s the unwitting cheerleader of the very thing he despises. How delightfully absurd! 🎭

Strange how that works, isn’t it?

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2025-05-29 12:23