Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To 'Borrow' Another $4.3B To Buy Bitcoin That US Plans To Sell: 'Once In A While, The Government Does Something Smart'
Portfolio Pulse from Aniket Verma
Peter Schiff humorously suggests that MicroStrategy's Michael Saylor should borrow $4.3 billion to buy Bitcoin that the U.S. government plans to sell. This comes after the Supreme Court allowed the liquidation of 69,370 BTC seized from Silk Road. Schiff's comments highlight his ongoing criticism of Saylor's Bitcoin strategy, despite MicroStrategy's significant stock gains.
October 09, 2024 | 3:58 am
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Peter Schiff's comments on MicroStrategy's Bitcoin strategy highlight ongoing debates about the company's financial approach. Despite criticism, MicroStrategy's stock has surged significantly since adopting Bitcoin.
Schiff's comments bring attention to MicroStrategy's Bitcoin strategy, which has been a key factor in its stock price increase. The suggestion to buy more Bitcoin could be seen as a positive endorsement, despite the mocking tone.
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