Peter Schiff Says Michael Saylor-Led Strategy ‘Would Have Been Better Off’ Buying Anything Other Than Bitcoin’

Economist Peter Schiff slammed Strategy Inc.’s (NASDAQ:MSTR) Bitcoin (CRYPTO: BTC) investment approach on Thursday, arguing that the company would have been better placed had it chosen any other asset.

Schiff Sees Problems For Strategy

In an X post, Schiff pointed out that despite spending over $48 billion on Bitcoin in the past five years, the company’s total paper profits are less than 17%.

Schiff also took a swipe at Strategy co-founder Michael Saylor, stating, “Had Saylor bought just about any other asset, MSTR would have been better off.”

He also said that the company would “vanish” if it tried to take profits on its BTC holdings.

Full story available on Benzinga.com