Shocking Bitcoin Betrayal: A Golden Folly Exposed!

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In the long, meandering journeys of our modern financial saga, there stands Peter Schiff—a steadfast devotee of gold whose convictions run as deep as the endless Russian steppes. With a wry smile that could rival fate itself, he cast his judgment upon Bitcoin, declaring that it dwells in a bear market as formidable and desolate as a harsh winter’s night ❄️.

Just as the seasons shift in their eternal cycle, he laments that since the ephemeral autumn of November 2021, Bitcoin’s brilliance when compared against the noble gleam of gold has waned. One might almost hear a sarcastic chuckle echoing through the corridors of fate as even grand gestures—ETFs, the lavish maneuvers by the illustrious $MSTR, the crowned “Bitcoin president,” and the ceremonious creation of a Bitcoin Strategic Reserve—prove unable to stem its decline.

Peter Schiff Says Bitcoin Lost 30% Value Priced in Gold

In a tweet as weighty as a Russian folktale, Schiff declared:

Since that lofty peak in November of 2021, despite the ceaseless parade of ETFs, the extravagant leveraged buying by $MSTR, the election of a symbolic Bitcoin president, and the creation of a Bitcoin Strategic Reserve, Bitcoin has suffered a 30% loss in value against gold. Truly, Bitcoin is in a bear market of epic proportions. 😂

— Peter Schiff (@PeterSchiff) April 11, 2025

Schiff’s proclamation arrives on the heels of Strategy’s ventures into Bitcoin—ventures that now languish in the red, much like a once-proud noble reduced to peasant rags. Michael Saylor, ever the optimistic crusader, had once raised an enormous sum of $722 million in March to propel his Bitcoin expedition. Oh, the irony!

According to the chroniclers of Saylortracker, the acquisitions made on March 31, March 24, February 24, and February 10, 2025, now bear losses ranging from a mere 2.2% to a staggering 15.44%. Only the modest purchase on March 17—of 130 BTC—manages a pitiful gain of 0.43% 😏.

In a tone that mingles both grave wisdom and a dash of scorn, Schiff challenges the modern fable of “digital gold.” With the calm skepticism of one who has witnessed many horizons, he asks: if Bitcoin truly were to embody the enduring character of gold, should it not mirror its steadfast nature rather than flounder like a wayward penny stock in a turbulent market?

Bitcoin is crashing with more ferocity than stocks, yet the masses continue to revere it as “digital gold.” If in truth it were digital gold, would it not act with the unyielding serenity of its ancient, physical cousin?

— Peter Schiff (@PeterSchiff) March 28, 2025

The evidence he cites is as stark as the winter frost: MicroStrategy’s grand venture—a purchase of 22,048 BTC at an illustrious price on March 31, 2025—has now lost over $97 million in value, falling 5.08% from its lofty inception. Equally dismal is the February 24 purchase of 20,356 BTC at $97,514, which has tumbled 15.44%, a loss exceeding $307 million. One might imagine even the frosty Russian humor finding amusement in such staggering hubris.

Strategy’s Recent Bitcoin Purchases Show Significant Losses

This is not the first time our dour herald Schiff has denounced Strategy’s fervor. Under the banner of Michael Saylor’s unwavering optimism, Strategy’s relentless accumulation of Bitcoin throughout 2025 now seems to stand as a monument of financial folly. Perhaps the merciless gods of fortune decided to play a jest, leaving these bold purchases to wither like leaves in an autumn storm 😅.

On March 31, 2025, when the company invested in 22,048 BTC at an average price of $86,969 per coin—a princely sum of $1.92 billion—their endeavor has since shrunk in value by an astounding $97,469,326.40, a 5.08% defeat. Alas, the February acquisitions fared even more woefully, with losses mounting beyond $307 million and $111 million on separate occasions.

These ill-fated outcomes persist even in the wake of various heralded developments for Bitcoin, including ETF approvals and institutional endorsements—a bitter pill indeed for those who dared to call it digital gold.

Schiff Questions Bitcoin’s Role In Investment Portfolios

Beyond these numerical tragedies, Peter Schiff ventures to question the very essence of Bitcoin as an investment. With the philosophical gravity of a Russian sage observing the fickle whims of fate, he poses a series of questions: If Bitcoin is purchased only in moments of market exuberance and abandoned when the chill of risk returns, what, pray tell, are investors truly seeking? 🤨

If Bitcoin is an asset that people only acquire when the stock market soars and risk is in high favor, what exactly is it that they are buying? It is not a stock, for it shall never bear earnings or dividends. It is clearly not a risk-off asset, nor can it be crowned a store of value or digital gold.

— Peter Schiff (@PeterSchiff) March 28, 2025

Thus, with a blend of scathing humor and philosophical wit, Schiff dismisses the notion that Bitcoin is anything akin to the storied stability of gold. In the grand, ironic tapestry of modern finance, he reminds us that sometimes even the most glittering promises are but fleeting shadows in the light of enduring truth.

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2025-04-11 17:54