BTC -0.75%
ETH -1.60%
SOL -3.25%
PEPE -4.79%
SHIB -2.64%
BNB -1.16%
DOGE -1.37%
XRP -1.70%
Best Crypto Poker

Peak 2021 Is Already Here as Schiff and Musk Go into Eggplant Twitter Meltdown

Tim Alper
Last updated: | 2 min read

The bitcoin (BTC) arch-skeptic Peter Schiff and crypto man-of-the-moment Elon Musk have come to virtual blows on (you guessed it) Twitter in a war-of-words over BTC…and vegetable emojis.

Peter Schiff. Source: a video screenshot, Youtube, Peter Schiff

Yes, 2021 has just out-2021ed itself, and crypto advocates on the social media platform are having a field day, despite giant BTC liquidations and tumbling/rebounding crypto prices.

Schiff, CEO of Euro Pacific Capital, is arguably the world’s most well-known goldbug – and has repeatedly sought to extol the value of gold-buying over almost all other asset classes, particularly BTC.

He has made a habit of making his voice heard with “I-told-you-so” statements whenever BTC prices start on a downward curve. So with prices now falling to the key USD 45,000 threshold, Schiff – right on cue – took to Twitter to crow,

“Two weeks after Elon Musk announced that he spent USD 1.5 billion of shareholder money buying bitcoin, Tesla stock entered a bear market, plunging 20% from its all-time high set on January 25, and 16% since disclosing the bitcoin buy. Not an example other CEOs will likely follow!”

He was careful to tag Musk in his post. And the Tesla chief duly responded with a succinct emoji: the notorious eggplant or aubergine icon.

Some might have left it at that. But not Schiff, who responded by writing,

“So Musk basically called me a dick. I must have hit a nerve with that tweet. For someone of his intellect, I would have expected a more thoughtful reply, not something one would hear at a playground.”

However, as many commentators were gleefully quick to point out, in common net parlance, the eggplant emoji is not used to refer to the male phallus in quite the way Schiff understood – but rather to a sexual act that involves it.

A rule of thumb with all high-profile Twitter-based crypto spats is that Binance chief Changpeng “CZ” Zhao is bound to wade in at some point with a banal contribution. But in the Musk-Schiff showdown, his intervention could not have been better-timed from a comic standpoint.

And this prompted Schiff to bristle,

“So [Musk] really told me to stick it up my ass?”

A number of users asked how it could be that such an entertaining website as Twitter could be free.

Jay Hao, the CEO of OKEx, chimed in too, opining that someone needed to create a commemorative non-fungible token (NFT) for the occasion.

Meanwhile, BTC advocate WhalePanda and others just seemed to be happy to grab the popcorn and enjoy the ride.

Learn more:
Peter Shiff’s ‘Lost’ Bitcoin ‘Mystery is Solved’!
Engineer Elon Musk Says Bitcoin ‘Is Less Dumb’ Than Cash
Tesla Board Member’s Crypto ‘Conflict of Interest’ May Blight Bitcoin Buy
Elon Musk Offers to ‘Pay Actual $’ If Dogecoin Whales Empty Their Wallets
The Memerable Market: Musk DOGE’ing Again, Lindsay Lohan Fails To Send BTC To The Moon
Elon Musk Rages at Wallet, May Land in Hot Water from Regulators
Bitcoiners Bristle as Musk-fuelled Dogecoin Rocket Re-enters Top 10