I recently read an article about Peter Schiffs thoughts on Bitcoins rally, and hes not especially thrilled.
Peter Schiff is one of the biggest haters of Bitcoin and he doesnt hite it at all! His priority
and business model is Gold so at any opportunity he likes to attack a sizeable rival to Gold
- Bitcoin.
I recently came upon an interview he did and it decented into slamming Bitcoin and made a
post about itFear Bitcoin, Buy Gold from me
Between yesterday and today, he renewed his criticism, pointing to a pattern where Strategy sells BTC at lower prices, then buys back higher, with the exchange landing right as Strategy disclosed a fresh purchase and as bitcoin ETF flows hit their strongest level in months.
TBH I wouldnt call that much of a pettern, I mean they only started that this year, their Bitcoin
based financial product has not been in a Bear market before so its new territory.
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?
I wouldnt call Saylor a misunderstood genius, he was just able to see a niche Bitcoin based financial
tool to sell to potential customers who have no interest in owning Bitcoin outright.
So yea Saylor and Schiff have their own ulterior motives.