Oh, do brace yourselves, dear readers, for the tale of Bitcoin’s latest escapade is one that would make even Bertie Wooster blush. The digital darling, that sly fox in the financial realm, is currently plotting its most audacious heist since April, with gains so robust they’d make a bull market weep into its tea. At press time, the BTC/XAUT pair has surged nearly 9%, leaving gold-yes, that stodgy old safe haven-gaping like a fish out of water.
On the fateful 22nd of April, the BTC/XAUT duo leapt by 11%, a feat that would have been lauded in the halls of Brompton if not for the fact that Bitcoin’s encore is still being rehearsed. One might say it’s a performance worthy of a West End show, albeit with more decimal places and fewer chandeliers.
“Black Tuesday”: A Tragedy in Three Acts 🎭
Gold, that age-old glimmering relic, had been the belle of the ball this year, outshining even the dowdy US equities. But lo! Tuesday arrived like a thunderclap, and with it, the prices of gold and silver plummeted with the grace of a lead balloon. Axios, that paragon of journalistic rigor, reports that the drops were the largest in years-a veritable melodrama for the bulls, who now find themselves clutching their bars like a child clutching a soggy biscuit.
Some whisper that the trade has grown too crowded, a fact underscored by a video of Sydneysiders queuing for gold coins, their faces alight with the fervor of a thousand clowns. One imagines them chanting, “More! More!” as if attending a circus of their own making.
Schiff’s Shakespearean Soliloquy 🎤
Enter Peter Schiff, that golden-tongued oracle of gold, who has taken to the stage with a flourish. He calls the recent sell-off a “shakeout,” though one suspects he means it more as a personal vendetta than a market correction. Gold, he insists, still clings to the $4,000 mark like a limpet to a rock, a feat “quite remarkable” in his estimable opinion.
Yet Schiff, ever the dramatist, urges Bitcoiners to seize the moment. “Bitcoin is catching a bid from this selloff, creating another window for Bitcoiners to sell fool’s gold and buy the real thing,” he declares, as if reciting iambic pentameter. One wonders if he’ll next suggest trading his gold-plated pipes for a cryptocurrency-enabled monocle.
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2025-10-21 20:11