It was on an afternoon, heavy with the weight of unrealized dreams and missed investment opportunities, that Peter Schiffâour eternal Cassandra of gold and certified antagonist of Bitcoinâlet slip a confession. He admitted, with the weary irony of a man whoâs witnessed too many bubbles, that perhaps Bitcoin does have a purpose beyond serving as the butt of his jokes. How serendipitous! One could practically hear his golden stocks sigh in disbelief. đ
On the public square formerly known as Twitter (now “X,” confounding linguists everywhere), Schiff declared that Bitcoinâs mysterious use case had finally been revealedânot by rabid true believers, but by no-nonsense short-seller Jim Chanos. Chanos, resembling a man betwixt two existential crises, confessed to buying Bitcoin. Not out of love, heavens no, but as a kind of insurance policy, a hedge against the misadventures of $MSTR, helmed by the ever-enthusiastic Michael Saylor.
This, Schiff noted, was rich with irony. Saylorâwho clutches Bitcoin so tightly one expects to see digital fingerprintsâhad, in his quest for glory, manufactured a scenario where Bitcoinâs true purpose is… to shield traders from his own relentless optimism. A twist fit for Chekhovâs own stage: the protagonist haunted not by the specter of failure, but by the very ghost of his triumph. đŠ
For years, Schiff lambasted Bitcoin, claiming its only consistent feature was volatility, like a Moscow winter or the moods of a heartbroken poet. He warned it was naught but froth and speculationâa digital icon with as much substance as an empty teacup. âStore of value?â scoffed Schiff, âMore like centrifuge of fortune!â And yet, here we are, with Saylor accidentally composing his own tragicomedy, Bitcoin as the punchline and the punch.
On May 3, in a flourish worthy of the drawing room, Schiff reiterated: Bitcoin moves not with the steadfast calm of gold, but with the erratic twitch of a tech stockâdancing the NASDAQ waltz, drunk on the revels of hype. âBuy gold!â he cries, but his voice echoes faintly in the distance, muffled by the laughter of traders hedging their bets with Saylor’s folly.
In the end, Schiff remains unconvinced, forever circling the Bitcoin camp like a hungry wolf, waiting for the collapse heâs prophesied since âSwan Lakeâ first graced the stage. Still, even he cannot deny it: Bitcoin now has a role, if a dubious oneâan umbrella hastily opened against the storm Saylor invited inside. Curtain. đ
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2025-05-14 23:42