Why Did Michael Saylor Buy Bitcoin? Famous Economist Explained: Here’s the Real Reason!

Famous economist Peter Schiff, nicknamed the “Golden Bug”, claimed that Michael Saylor added Bitcoin (BTC) to MicroStrategy’s balance sheet to prevent possible bankruptcy of the company.

Peter Schiff December 20 on his official social media account. in his postsuggested that Michael Saylor’s investment in Bitcoin through MicroStrategy, which he founded, was to prevent a possible bankruptcy of the company.

I heard Saylor saved the company from a liquidation by adding Bitcoin to MicroStrategy’s balance sheet. If all MicroStrategy has is a leveraged “speculative” position in Bitcoin, they are not doing anything.

This share of Schiff was shared by investors on social media. to serious criticism exposed. Schiff’s reactions to him, Bitcoin’s annoyed supply that and very request not saying money to lose Except for Bitcoin many ways is argued. Against this a Twitter userAt the same time, the features that Schiff counts for Bitcoin are also of gold Reminding that there are also features irony made.

I have yet to hear from Michael Saylor or MicroStrategy to Peter Schiff’s claims. reply did not come.


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