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‘Running Out of Firepower’: Schiff Roasts Saylor’s Latest Bitcoin Purchase
In a recent tweet, Peter Schiff, a well-known critic of Bitcoin and cryptocurrency as a whole, has taken aim at MicroStrategy’s approach to investing in the digital currency. He believes that Michael Saylor’s strategy of using debt to fund his company’s Bitcoin purchases could put the entire operation at risk.
Schiff tweeted: “Saylor is running out of firepower. He’s having to issue bonds and borrow money to buy more #BTC, which will eventually lead to a sell-off when the music stops. This is not sustainable.”
Source: u.today
