Schiff Vs. Saylor: Is Strategy’s Bitcoin Hoard A Golden Illusion?

Michael Saylor‘s $69.5 billion Bitcoin (CRYPTO: BTC) bet may look dazzling on paper — but Peter Schiff says it’s fool’s gold.

In a sharp critique, the gold bug argues that Strategy Inc.’s (NASDAQ: MSTR) 47% paper gain on its Bitcoin hoard is fragile, because the company can’t actually cash it out without triggering a crash.