Editor's Pick

MicroStrategy’s Saylor Receives Bitcoin Advice From Peter Schiff

1 Mins read

U.Today – CEO of MicroStrategy Michael Saylor received advice from well-known Bitcoin critic Peter Schiff in a recent Twitter exchange that could best be described as sarcastic. Schiff suggested that Saylor take out a second loan of $1 billion and invest it in DJT stocks, which he claims are more valuable due to their higher volatility in response to Saylor’s assertion that the value of Bitcoin is derived from its volatility.

Schiff’s reasoning aims to ridicule Saylor’s conviction that Bitcoin is a volatile asset that is worth investing in. If value were solely determined by volatility, he suggests that Bitcoin would be a poor investment compared to highly volatile traditional stocks. Saylor and many others see long-term potential in Bitcoin, as shown by their never-ending conviction in the asset.

But Saylor’s most likely dismissal of Schiff’s opinions stems primarily from his understanding that volatility by itself does not determine an asset’s future potential. As an emerging asset class that is expanding quickly, Bitcoin’s volatility is a reflection of this. In contrast to DJT or other conventional stocks, the volatility of Bitcoin is associated with its larger function in transforming the financial system by providing decentralization resistance to censorship and the possibility of widespread global adoption.

In addition, Saylor has continuously stated that he views Bitcoin as an inflation hedge, basing his investment strategy on the asset’s long-term worth rather than its volatile price. As a testament to his belief in Bitcoin’s potential growth, his company, MicroStrategy, has a sizable amount of the cryptocurrency held in its treasury.

Schiff, however, is still dubious about Bitcoin and frequently calls it out as a speculative bubble. His fundamental skepticism about digital assets, and particularly Bitcoin, is the basis of his advice to Saylor. Saylor is unlikely to take Schiff’s advice seriously, given their different views on Bitcoin and their very different investment strategies.

This article was originally published on U.Today

This post appeared first on investing.com

Related posts
Editor's Pick

Synthetic: Definition in Finance, Types of Assets

3 Mins read
What Is Synthetic? Synthetic is the term given to financial instruments that are engineered to simulate other instruments while altering key characteristics,…
Editor's Pick

How to Trade Options on Robinhood

6 Mins read
Trading options on this groundbreaking platform is easy to do. From the moment you begin opening the account, right up to the…
Editor's Pick

How to Open a Swing Trade Account

10 Mins read
Swing trading is the act of transacting in a financial market over a minimum of one day, but up to several weeks,…

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.