Peter Schiff Doubles Down on Bitcoin Hate as BTC Hits New ATH—Shills Silver Instead
Gold bug turned silver salesman Peter Schiff just can't quit his anti-Bitcoin crusade—even as the crypto smashes records.
While BTC flirts with six-figure valuations, Schiff's still peddling prehistoric metals like they're going out of style (spoiler: they are). Here's why his take reeks of desperation.
The Bitcoin Contrarian Playbook
Schiff's latest rant dropped right as Bitcoin notched another all-time high. Coincidence? Hardly. The man's built a career on being wrong about crypto—and doubling down when proven wrong.
Silver Linings Playbook
His pivot to shilling silver? Textbook diversion. While Schiff waxes poetic about 'real money,' Bitcoin's eating traditional assets for breakfast—with 300% YTD gains making silver's 12% look like a rounding error.
Funny how gold bugs turn into silver surfer bros when their thesis crumbles. Next he'll be hawking beanie babies as inflation hedges.
Corporates Ignore Schiff, Dive Deeper into Crypto
Despite Schiff’s concerns, corporate crypto adoption is heating up. Over 100 public companies now hold Bitcoin, with BlackRock and MicroStrategy leading the charge. Combined, they control nearly 1.3 million BTC—roughly 6% of the total supply. Meanwhile, Japanese firm Remixpoint raised $215 million to buy more Bitcoin.
Moreover, European companies are joining the wave. Germany’s Nakiki SE adopted a Bitcoin standard, and Sweden’s H100 Group bought nearly 47 BTC.
China’s Nano Labs is also considering buying 10% of BNB’s circulating supply. Additionally, GameSquare just added 1,818 ETH and plans a $100 million ethereum investment.
Furthermore, as reported by The Hill, Senator Elizabeth Warren once again emphasized stronger oversight in cryptocurrency. She raised concerns about Republican initiatives that might undermine financial protections. Warren also highlighted the necessity of maintaining traditional financial regulations to avoid chaos in the markets.
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