The ruins of ruins and gold insects with more than one billion dollars in assets under administration gave a great blow to Bitcoin and the BTC accumulative company of Michael Saylor, previously appointed Microstrategy.
He said the strategy will go to Bitcoin’s bankruptcy. But if this is reverse psychology, you must be working in Saylor. His company has not stopped competing with other companies for more BTC in snacks the size of a whale.
Peter Schiff does not throw blows in BTC in X Spaces Gag
To start the programSchiff said that Bitcoin promoters sold it as a kind of digital gold, but has not worked as precious metal at all, so “marketing” was a “fraud.”
“The idea that it is digital gold has been destroyed because nothing changes like gold. It is only some kind of risk asset.”
But, Bitcoin promoters did not say it would work as an investment with Roi like gold. They said that it is similar in their economic properties to metal due to their limited supply and the difficulty and cost of ensuring it.
While it is true that Bitcoin’s price has not negotiated as gold, it is because in the very relevant time scales for individual investors it has had a fantastically better performance than yellow metal.
Bitcoin vs. Gold Roi 2009-10 to present
Insight: Gold growth is strong, but Bitcoin’s mass gains cannot be ignored.
Gold has just achieved a new AT of $ 3,310, while Bitcoin is consolidating. But when we move away, BTC Epic Rise exceeds Gold’s performance.
What is your prediction? pic.twitter.com/1okhgxLTP5
– Office Area (@coinbureau) April 16, 2025
Some fraud that would be to explain to a judge:
Sorry, we told the litigator that the product was like an instrument that delivered 230% of ROI in 16 years since 2009, and only delivered 2.82 billion million million Since 2010.
In Podcast X, Schiff asked:
“What is Bitcoin to? We have many risk assets. It is an active of super risk that will rise faster than other risk assets. According to what?”
He added: “At least one technological action: there is the history of future profits that could materialize, it is buying a business that could make money.”
Bitcoin provides a banking service, which is traditionally a very profitable and high growth business because everyone needs it every day in a market economy.
In addition, Bitcoin does it in a simple and fundamentally useful way. It has been shown that it works reliably, fair, transparent and easy for anyone to use.
The price of Bitcoin rose 36% during the last 12 months in mid -April.
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