If Peter Schiff had bought the dip this morning rather than whining on Twitter yet again, the move from $48k to $54k over the past 6 hours in BTC is as much gains as gold has made over the entire past year.

"Instead of putting laser beams on their eyes #Bitcoin cult members should have been selling some of their Bitcoin. While everyone was laser focused on $100,000 Bitcoin is now closer to zero than the target. Perhaps those laser eyes will remain much longer than originally planned."-Peter Schiff, 6 hours ago, https://twitter.com/PeterSchiff/status/1363847494208208897​BTC, 6 hour performance: $48,000 to $54,000 = 12.5% gainsGold, 1 year performance: $1,600 to $1,800 = 12.5% gains​Peter Schiff is extremely childish and emotional with his investments, and it has cost him. Clearly he is obsessively watching cryptocurrency if he is there complaining constantly about BTC all the way from <$4k to over $58k and then tries to gloat immediately after a pullback to $48k as if he was right (which has already bounced to $54k). Meanwhile, his gold is struggling to break the highs from 10 years ago, and has significantly under-peformed both the stock market and crypto.

Submitted February 23, 2021 at 04:16AM