I recently read an article about Peter Schiffs thoughts on Bitcoins rally, and hes not especially thrilled.
Gold and Bitcoin are different asset classes and they have different existence forms together with different total supplies, circulating supplies and programmednon programmed future supplies.
Comparing Bitcoin and gold is quite not necessarily.
If you want to compare them, see their price histories but view it widely because Bitcoin has 4-year cycle while gold has about 15-year cycle. If you view them in only one or two years, it can cause inaccurate views about two assets.
Bitcoin market is like other markets, has its cycle. Focus on its cycle!So where do yall stand on this? Would you call Saylor a misunderstood genius with an approach towards investment that might turn many into millionaires in the next decade, or just another individual with masked ulterior motives?
Peter Schiff and Michael Saylor have different businesses with different products, gold and Bitcoin respectively, so compare their business views is not too needed. In strategies, I see very high risk with Strategy and Michael Saylor and I hope that they will restructure their company treasury, leverages used and become a less risk-taker.
In my opinion, the more useful discussions are about Strategys leverage, treasury structure, and exposure to BTC volatility, but we just arent seeing enough of that.
Strong conviction in Bitcoin doesnt eliminate the risks created by how that conviction is financed.
