Financial commentator Peter Schiff has slammed MicroStrategy co-founder Michael Saylor’s comparison of the company’s debt-fueled Bitcoin purchasing strategy to investing in Manhattan real estate. In a post on X, Schiff, known for his staunch opposition to Bitcoin (BTC), argued that Saylor’s analogy was flawed. “Real estate generates rents, which can be used to service and repay debt. Bitcoin...
source: https://news.shib.io/2024/12/19/peter-schiff-slams-michael-saylors-bitcoin-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=peter-schiff-slams-michael-saylors-bitcoin-strategy