Peter Schiff criticizes Michael Saylor's excitement over Bitcoin adoption by corporations.

From Investing.com
July 31, 2024 1:30:22 pm:

Renowned economist Peter Schiff criticizes Michael Saylor’s excitement over Bitcoin adoption by corporations, calling it a gamble with shareholder funds. Saylor, a Bitcoin advocate, remains unfazed and continues to promote Bitcoin as a strategic treasury asset. Schiff’s criticism doesn’t deter Bitcoin enthusiasts, with Saylor holding 226,331 BTC valued at $8.33 billion.

Despite Schiff’s skepticism, a poll reveals that 87% of over 11,000 Bitcoin holders wouldn’t sell even if the price dropped by 99% to $120. Investors cite Bitcoin’s track record as the main reason to buy, with the cryptocurrency currently trading around $66,067, reaching highs of nearly $74,000 in mid-March.

Read more at Investing.com: Peter Schiff Slams Michael Saylor’s Bitcoin Excitement By U.Today