Posted 3/6/2024, 4:45:00 AM
Schiff Warns MicroStrategy's Bitcoin Strategy Risks Bankruptcy Despite $6B Profit
- Economist Peter Schiff criticizes Mark Cuban and Michael Saylor's preference for Bitcoin over gold
- Schiff warns that MicroStrategy's debt-funded Bitcoin buying strategy could lead to bankruptcy
- Despite Schiff's warnings, MicroStrategy has over $6.7 billion in unrealized Bitcoin profits
- Ongoing debate between gold and Bitcoin advocates reflects broader investment discussions
- Institutional optimism about Bitcoin continues with price expected to be volatile before halving
