🤑 Schiff’s Bitcoin Blues: Is the Crypto King Crying Wolf Again? 🐺

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Ah, Peter Schiff, that indefatigable Cassandra of the financial world, once more takes up his quill to warn the unsuspecting masses against the siren song of cryptocurrency. 🌊 “Flee, ye investors!” he cries, his voice carrying the weight of a man who has long prophesied doom, only to be met with the stubborn resilience of Bitcoin‘s ascent. 🏔️

With a sigh that could rival the winds of the Russian steppes, the Euro Pacific Capital chief economist declares the “mania is over,” as though the digital asset were but a fleeting fancy, a summer storm in the vast expanse of the market’s sky. ☁️ Yet, Bitcoin, that recalcitrant phoenix, rises once more, breaking through the $93,000 barrier with a defiance that would make even Bazarov smirk. 😏

“All the action tonight is in precious metals,” Schiff pens, his words dripping with the pathos of a man who has staked his reputation on the luster of gold, only to watch it dim in the shadow of Bitcoin’s glow. ✨ Meanwhile, the cryptocurrency market, ever the mischievous trickster, winks and whispers, “Not so fast, dear Peter.” 😉

Bitcoin’s recovery

Early Monday, Bitcoin, with the grace of a ballerina and the strength of a Cossack, pirouetted past the $93,000 mark, reaching a session high of $93,169, according to CoinGecko’s chronicles. 🩰 Dave the Wave, that sage of charts and patterns, had foretold this “higher low” market structure, a bullish harbinger that whispers of $100,000 on the horizon. 🌅

Yet, Schiff, ever the skeptic, had predicted Bitcoin’s depreciation, claiming it was melting like snow in spring against his cherished gold. ❄️ But oh, the irony! After gold’s triumph in 2025, might this be the year the crypto skeptic is finally forced to tip his hat? 🎩

Alas, Bitcoin is not yet out of the woods, for it remains 27% shy of its record high. 🌲 But fear not, dear reader, for in the grand ballet of finance, the show must go on, and Bitcoin, it seems, is determined to steal the spotlight once more. 🎭

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2026-01-05 08:39