Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To ‘Borrow’ Another $4.3B To Buy Bitcoin That US Plans To Sell: ‘Once In A While, The Government Does Something Smart’
Posted On October 9, 2024
Renowned economist Peter Schiff poked fun at Michael Saylor, recommending that the MicroStrategy Inc. (NASDAQ:MSTR) boss buy the huge stash of Bitcoin (CRYPTO: BTC) that the U.S. government planned to sell.
What Happened: On Tuesday, Schiff took to X to express his views on the U.S. government’s decision to sell 69,370 BTC it had seized from the dark web marketplace Silk Road.
Earlier in the week, the Supreme Court declined to hear a case challenging the government’s ownership of the seized funds, clearing the door for future liquidations.
“Every once in a while, the government does something smart. I think Michael Saylor should have MicroStrategy borrow another $4.3 billion …
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