Gold investor Peter Schiff criticized Strategy’s business model as a “fraud” and challenged founder Michael Saylor to a debate. Schiff argued that Strategy’s preferred shares won’t pay the yields published, leading to a potential “death spiral.” Bitcoin fell below $99,000, impacting the crypto treasury sector as gold maintained above $4,000. BTC price dropped over 20% from its October all-time high of $125,000. Strategy’s mNAV dipped below 1 in November but rebounded to 1.21, still below the healthy level of 2. Gold defended $4,000 per ounce despite a brief drop, currently trading at $4,085. Gold hit an all-time high of $4,380 in October, with a market cap over $30 trillion.

Read more at Cointelegraph: Peter Schiff Challenges Strategy’s Michael Saylor to a Debate