- Peter Schiff said MicroStrategy invests in BTC desperately to avoid liquidating.
- Schiff claimed the company chairman Michael Saylor admitted so.
- The crypto critic thinks people who bought BTC because of Musk are thoughtless.
Peter Schiff’s hatred for Bitcoin (BTC) is causing him to bad-mouth major Web3 firms for their decision to buy cryptocurrency. Schiff, a renowned economist, claimed that the chairman of MicroStrategy, Michael Saylor, admitted that investing in BTC was a desperate decision to save the company from liquidation.
However, Schiff did not provide a source to substantiate his claim, and neither did Saylor replied his allegation.
For the first time I heard @saylor admit that adding #Bitcoin to the @MicroStrategy balance sheet was basically a Hail Mary to avoid liquidating the company. If the only thingThe post Crypto Critic Claims MicroStrategy Buys BTC to Avoid Liquidating appeared first on Coin Edition.