Peter Schiff angrily claims Bitcoin stocks are a 'disaster', but experts say this is the real gold bomb!
Gold enthusiast Peter Schiff is back at it: he bluntly states that buying Bitcoin-related stocks is dumber than buying Bitcoin itself, calling it an 'absurd' investment approach, urging everyone to either buy Bitcoin or invest in companies with tangible businesses.
However, executives from Bitcoin companies are supporting this practice, believing that 'securitization' can meet the needs of different investors and create real value. As giants like Tether and SoftBank ramp up efforts to establish Bitcoin fund management companies, the industry's heat has quickly risen.
Supporters claim these stocks open a door for regulated investors, especially in markets where retirement accounts find it difficult to buy coins directly.
But criticism continues, with some investors warning that many Bitcoin stocks are nothing but 'sham coins in sheep's clothing', destined to be sold off by the market, while the truly valuable entities are those that support the Bitcoin ecosystem through products and profits.
The latest data shows that by 2025, companies will become the largest buyers of Bitcoin, with MicroStrategy alone accounting for 70% of the increase, while individual investors are selling off on a large scale, yet still hold over 69% of the market share.
This battle over 'holding coins or buying stocks' has only just begun; who will laugh last? The explosive suspense continues to develop!