Further Peter Schiff recently also tweeted:  I’m in Miami for a few days for Art Basel. The fact that Bitcoin and the crypto industry are so well-represented here is another classic warning sign of a major market top. It’s reminiscent of the haydays of the dot com and subprime mortgage bubbles, only far more flamboyant.

Those of you who considered this tweet to be a buy signal and bought more Bitcoin as a result are not looking too good right now, especially if you borrowed the money to buy.

Natalie Brunell by posting a picture with Peter Schiff expressed: “He wanted to pose in front of the Bitcoin art piece Peter Schiff secretly loves BTC.”

Worth recollecting in the past Peter Schiff stated, “I know a bubble when I see what I got plenty of experience, and if it walks like a duck and quacks like a duck, you know it’s a duck and Bitcoin is the biggest dunk of the ball.”

Also, when someone asked Where is the gold Party, Peter Schiff replied stating, I don’t think there are any. But even if there were I’d much rather go to the Bitcoin parties. They’ve got more money to blow on parties. More fun, better booze, and prettier women.

Community Reaction:  There is a court case going on in Miami over Satoshi’s Bitcoin stash?

Can you talk about how much you stand to lose if you are wrong about bitcoin taking golds monetary role away? Are you on record saying you don’t hold any bitcoin?

Most people confuse paradigm changes with bubbles:  That’s what people inside of bubbles always say. “It’s different this time” “This is a paradigm shift” “It really is different this time” “This is the future.”

I instantly got 4 answers from bitcoin bulls. I did not even bash bitcoin I just said what people in bubbles have said through history. There is definitely exuberance in the market. You did not have this hype in march 2020 when bitcoin was 6000$.people still think they’re early.

The internet never went away, just popped, regrouped and carried on. buy the dip, buy the burst bubble. web3 is here to stay.

Educate yourself:  Gold, copper, diamonds or silver have value but so do the new DeFi assets including  Bitcoin and others. Digital Gold 2.0 is here to stay. Like the internet or electricity.

Just because gold is widely adopted in the world as money, doesn’t mean it’s a major top. You should know better by now Peter that Bitcoin is better at being gold than gold. Bitcoin is better at being money than money.