Long-time Bitcoin critic and gold supporter Peter Schiff has once again criticized Michael Saylor and his company, MicroStrategy (now rebranded as Strategy), after the firm invested an additional $1 billion in Bitcoin yesterday.
This latest acquisition brings Strategy's total Bitcoin spending to nearly $42 billion, further igniting the debate around corporate Bitcoin adoption.
Schiff commented, "As long as Bitcoin is rising and $MSTR is trading high, @Saylor can continue to buy. But once Bitcoin collapses and MSTR trades at a discount, creditors will force MSTR to sell."
This is not the first time Schiff has criticized Saylor. Their long-standing discord over the future of Bitcoin has intensified since Schiff reacted to a bold tweet from Saylor in February, who wrote, "Sell a kidney if you have to, but keep Bitcoin."
In response recently, Schiff tweeted:
"First, he told people to max out their credit cards and mortgage their homes to buy Bitcoin. Now he's telling them to sell their organs. Doesn't he have any shame?"
Unwilling to back down, Saylor responded with a rapidly spreading tweet:
"Sell Peter Schiff's kidney, keep Bitcoin."
The confrontation shows just how divided people still are when it comes to gold versus Bitcoin. On one side are traditional gold supporters like Schiff, and on the other are Bitcoin believers like Saylor, whose company Strategy continues to double down on cryptocurrency.
The confrontation shows just how divided people still are when it comes to gold versus Bitcoin. On one side are traditional gold supporters like Schiff, and on the other are Bitcoin believers like Saylor, whose company Strategy continues to ramp up investments in cryptocurrency.
With the Bitcoin boom expected in 2025 and many big players getting involved, Saylor shows no signs of backing down while Schiff constantly warns that everything is heading towards a collapse.
