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Crypto Critic Claims MicroStrategy Buys BTC to Avoid Liquidating

Published 2022-12-21, 09:55 a/m
© Reuters Crypto Critic Claims MicroStrategy Buys BTC to Avoid Liquidating
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  • 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.

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