Post
Topic
Board Bitcoin Discussion
Re: Microstrategy rug us again?
by
mildmanneredsuffering
on 24/04/2022, 16:07:54 UTC
Peter Schiff is on Twitter accusing Michael Saylor of using his company's purchases to inflate the Bitcoin price so he can sell his personal stash at massive gains and buy back again lower to rinse and repeat.

https://twitter.com/PeterSchiff/status/1518014645960904704

This is extremely concerning if true, but not surprising at all.  This is the sort of manipulation that Wall Street has been doing for generations.  Michael Saylor is no different.  With Bitcoin he saw a chance to enrich himself and he jumped at it.  Now we all get to watch as he plays games with Bitcoin to get himself an insane amount of wealth and the Bitcoin community cheers him on as they're used as puppets in his shell game.  Gotta love it.  In it for the technology right?

every company on earth with hindu/indian executives commits fraud

That seems to be a little too much of a blanket statement to possibly be true, but I get your point.

they cant help themselves. leave a steak next to a hyenna. 100% of them guaranteeed will take the steak. the same is with hindus and paperwork fraud. the primal instinct for hindu is to steal without physical threat. they 100% without variation exception commit fraud