Schiff Sounds 'Complete Fraud' Alarm for Saylor's $62 Billion Bitcoin Strategy
Schiff slams Saylor's Bitcoin strategy as "complete fraud," Here's why
Peter Schiff is back on social media, criticizing Michael Saylor's Bitcoin strategy again. This time, the infamous expert called it a "complete fraud" that he thinks will ultimately lead to bankruptcy. This followed the company's announcement that it now holds an incredible 582,000 BTC, having purchased an extra $110 million worth of Bitcoin.
Source link:
https://u.today/schiff-sounds-complete-fraud-alarm-for-saylors-62-billion-bitcoin-strategy
Look at the bad comments made by Bitcoin fans of MSTR company to Peter Schiff, no Microstrategy company fan should be panicked after seeing this comment. Where MSTR is successful in Bitcoin investment, Peter Schiff has thrown such bad comments among the fans.
He has been investing in Bitcoin for a long time and has not faced such comments since the time when it should have been, but in the recent period when the price of Bitcoin has been rising, how can Peter Schiff face danger at this time, which he has guessed is completely ridiculous.
Sure, there are likely valid ways to criticize Saylor, MSTR and/or bitcoin - including to potentially proclaim that it is unfair that MSTR has figured out ways to use other people's money in order to buy bitcoin that MSTR/Saylor nearly exclusively and unilaterally control within the confines of their fiduciary duties and the regulatory framework, yet Schiff's current proclamation that MSTR/Saylor is engaging in fraud comes off as a great exaggeration (which is largely not even true) that both lacks nuance and just comes off as attention-seeking through the use of purposeful inflammatory language, and surely generally speaking the law tends to allow such puffery, even when making seemingly inaccurate legal accusations.
Bigger dots are better by Michael Saylor.

So will Michael Saylor buy Bitcoin again this June and it will be in big dots?
Michael Saylor purchased 335.5k Bitcoins in the past nine months and 226.5k Bitcoins in the first four years.
That is, Michael Saylor made a comment on his official Twitter account today that the orange dot of Bitcoin will get bigger and that will be better. This means that there is a plan to buy a large amount of Bitcoin in the future.
https://x.com/saylor/status/1934220313405100289?t=aOJ46C2FfXKiS1yer9dXzw&s=19Surely Saylor's Sunday tweets are attempts at generally communicating MSTR bitcoin buys from the previous week that are about to be specifically announced by around the opening of the business day on Monday morning... so yeah, he is likely suggesting, proclaiming, describing that MSTR's bitcoin buys for the early week had been relatively BIG and perhaps even suggesting that he expects some continuation of MSTR's ability to ongoingly make relatively BIG weekly bitcoin buys into the foreseeable future (and from his perspective that is a good thing).