Benzinga verify icon

3h
...

Peter Schiff Blasts Michael Saylor’s $8,000 Bitcoin Plan: ‘Will Anyone Take You Seriously?’ – Strategy (NASDAQ:MSTR)

Gold advocate Peter Schiff attacked Strategy (NASDAQ:MSTR) executive chairman Michael Saylor’s pledge to refinance debt at $8,000 Bitcoin (CRYPTO: BTC), asking if anyone would take Saylor or Bitcoin seriously at that price.

The Schiff Attack

Schiff posted on X questioning Saylor’s credibility if Bitcoin crashes to $8,000 by 2030, asking whether anyone would |still take Saylor or Bitcoin seriously?”

The criticism targets Saylor’s CNBC comments where he said Strategy would refinance debt and keep buying Bitcoin even if it falls to $8,000. 

Saylor argued the company has 2.5 years of cash to cover debt without raising money and expects to buy Bitcoin “every quarter forever.”

Schiff…

Read more on Benzinga

1.7K Reads