Peter Schiff Questions Michael Saylor’s Bitcoin Digital Energy Claims By U.Today
From Investing.com
November 19, 2024 2:00:25 pm:
Peter Schiff, a vocal Bitcoin critic, challenges Michael Saylor’s claim that Bitcoin is “digital energy,” dismissing it as exaggerated and lacking practicality. Schiff contrasts Bitcoin with crude oil, emphasizing the latter’s critical role in sustaining industries and human survival. Saylor sees Bitcoin as a transformative technology and value storage, drawing support from industry figures like Robert Kiyosaki. Despite differing views, the debate highlights ongoing discussions on Bitcoin’s true value and purpose.
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