Every Hero needs their Villain...

Our favorite Bitcoin bear and resident basher never misses an opportunity to take a jab at bitcoin.

On days when gold is up and bitcoin is down he tends to take exceptional delight in taking shots at bitcoin.

And I mean exceptional delight!

So, on days like today (and the last two days) when bitcoin is soaring and gold is taking it on the chin, I will be sure an return the favor. :)

Over the course of the last couple days, gold has fallen by more than 5%:

(Source: https://twitter.com/Josh_Rager/status/1325825606844604419/photo/1)

While this is a very big move down in its own right, the fact that bitcoin is up more than 5% during this same time period is rather interesting.

As I type, bitcoin is getting very close to $16k.

In fact, a few more ticks and we would have touched $16k just a few minutes ago:

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

And again, this is all happening while gold is negative for the day.

Is there still hope for Mr. Schiff?

Had Schiff longed gold (he did) and shorted bitcoin (he probably didn't), he would have been hit with a double whammy of crapiness these last few days.

Luckily for him, he only got one plate of steaming crapiness (gold being down) served to him on.

I wonder how many more days like this it will take before Schiff is eventually converted to a bitcoin bull?!

My guess is that will never happen and that is ok.

In fact by Schiff constantly getting in the news and bashing bitcoin it gives bitcoin more and more press coverage, not that it really needs it at this point, but as they say "any press is good press."

So, keep on doing that you are doing Mr. Schiff and hopefully you can stay in the game long enough to watch us overtake $100k by the end of next year.

You can still switch sides and back a winner, but we won't blame you if you don't.

After all, every hero needs their villain. :)

Stay informed my friends.

-Doc

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