Peter Schiff Slams MicroStrategy’s Michael Saylor Over “Bitcoin Pyramid Scheme”

Quick Summary:

In a fiery critique, renowned economist Peter Schiff slammed MicroStrategy founder Michael Saylor for what he labels as the "Bitcoin pyramid scheme.” This sparring occurred in the wake of Saylor’s speech at the Nashville Bitcoin Conference 2024.

Saylor’s argument extended to the strategic assets already held by the U.S.government.He noted that the U.S.owns the majority of the world’s gold and controls a substantial portion of the nation’s land.

The MicroStrategy founder added, “Bitcoin is, in essence, cyber Manhattan.

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Article Details

Author / Journalist: Kritika Mehta

Category: Crypto

Markets: IndiaUnited States

Topics: Bitcoin US Government Bitcoin News Michael Saylor 24/7 Cryptocurrency News Peter Schiff Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 14:29:58 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 49 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21785038

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