Sun 01 Jan 2023 ▪ 11:00 ▪
4
min read – from
High-energy cryptoskeptic Peter Schiff never takes a break. It’s hard to say how much of his criticism he directed at bitcoin fans and cryptocurrency enthusiasts in the 12 months of 2022. But before ending the year on a high note, he dropped a cluster bomb into the Bitcoin ecosystem. Michael Saylor.
Peter Schiff pits MicroStategy shareholders against Saylor
” #MicroStrategy shares just hit a 52-week low again, down 90% from its February 2021 record. Shareholders will pay dearly to @saylor for her #Bitcoin obsession. Don’t make the mistake of thinking a 90% discount is a good buy. It’s not alone a saleit is a corporate closing sale. »
According to this tweet from the vendor of inappropriate gift Per Enthusiast Christmas, Peter Schiff, Michael Saylor’s passion for bitcoin would affect the trust placed by MicroStrategy shareholders.
U°Today, which has been closely following the bitcoin hater attack, revealed that shares of company $MSTR are 90% down since their February 2021 ATH. trading at just $136.63. However, this is the price at which MicroStrategy’s stock is currently trading.
To say that a week ago he shared with his 890,000 Twitter followers the ” real reason which would have prompted Michael Saylor and MicroStrategy to buy bitcoin.
” For the first time I heard @saylor admit that adding #Bitcoin to @MicroStrategy’s balance sheet was basically a Hail Mary to prevent the company from going into liquidation. If the only thing $MSTR has going for it is a speculative leveraged bitcoin position, then it has nothing to do. »
In other words, Schiff would have brought them to ruin, and this at very high speed.
Bitcoin (BTC) at all costs
Let’s not ignore that MicroStragegy just offered additional bitcoins in a bear market environment. At the time of writing, this company founded by Michael Saylor is said to be in possession of 132,500 BTC.
What is striking in all of this is the stubbornness of Michael Saylor. In fact, he doesn’t hesitate to stockpile bitcoin regardless of its price. Peter Schiff who strongly believes incryptocurrency crash he never misses an opportunity to denigrate such a choice by a company that has to think about the dividends of its shareholders.
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The blockchain and cryptocurrency revolution is underway! And the day the impacts are felt on this world’s most vulnerable economy, against all hope, I’ll say I have something to do with it.