MicroStrategy Bought Bitcoin To Avoid Liquidation, Peter Schiff Reveals

MicroStrategy Bought Bitcoin To Avoid Liquidation, Peter Schiff Reveals
Bitcoin detractor and economist Peter Schiff has taken another swipe at the digital asset and MicroStrategy, a public company that is heavily invested in the digital asset. Schiff has always been vocal about his disdain for bitcoin and has now turned his attention to MicroStrategy and its former CEO, Michael Saylor. Why MicroStrategy Bought Bitcoin In a tweet, Peter Schiff revealed to his more than 890,000 Twitter followers what he says was the real reason behind Michael Saylor and MicroStrategy’s move to begin investing in bitcoin. According to Schiff, former CEO Michael Saylor had admitted that buying BTC was actually a last-ditch effort to save the company from being liquidated. He further dissed the company saying that it has nothing going for it other than a leveraged speculative position on the digital asset. For the first time I heard @saylor admit that adding #Bitcoin to the @MicroStrategy balance sheet was basically a Hail Mary to avoid liquidating the company. If the only thing $MSTR has going for it is a leveraged speculative position in Bitcoin, th ..

Support the originator by clicking the read the rest link below.