Well, howdy there, folks! Our good friend, Mr. Peter Schiff, has donned his skeptic’s hat once more, declaring that the recent jubilation in the world of Bitcoin is nothing more than a “Ponzi built on a pyramid” — I reckon he means that in the good ol’ sense of humor. 🤔
It seems that in the second quarter of the year 2025, over 46 companies trotted along and snagged themselves 159,000 shiny coins of BTC, bringin’ their total corporate stash to a neat 847,000 BTC. That’s about 4% of all them coiny things out there! Companies like GameStop, Trump Media, and Figma — it’s like a circus on this crypto merry-go-round!
Now, those who cheer on the crypto brigade see this as a grand ol’ sign of approval from the big wigs in suits. Especially since the fine gentlemen and ladies in Congress are pondersome of fancy bills to bless crypto with fancy names like the CLARITY and Anti-CBDC Acts. Wow, sounds almost as exciting as watching paint dry! 🎨
But our dear Schiff is not one to throw confetti just yet. He’s warnin’ us that if the money flows start to dry up faster than a desert flower, we may find ourselves smack dab in a collapse. Oh, the irony — saving up to save our savings! 😅
Despite bein’ a chronic critic, Schiff’s voice echoes through the hallowed halls of traditional finance, where he’s as welcomed as a raccoon at a picnic. Yet Bitcoin’s ascent is givin’ the old guard a run for their money — and oh, how they do hate to see that! 😂
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2025-07-15 11:30