{"id":1853,"date":"2024-10-30T03:16:53","date_gmt":"2024-10-30T03:16:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1853"},"modified":"2024-10-30T03:16:53","modified_gmt":"2024-10-30T03:16:53","slug":"peter-schiff-asks-followers-if-microstrategy-can-tower-this-gold-mining-giant-in-marketcap-heres-the-message-they-delivered","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1853","title":{"rendered":"Peter Schiff Asks Followers If MicroStrategy Can Tower This Gold Mining Giant In Marketcap \u2014 Here&#8217;s The Message They Delivered"},"content":{"rendered":"<div>\n<p>Renowned economist <strong>Peter Schiff<\/strong> questioned the soaring market capitalization of <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) proxy company <strong>MicroStrategy Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) compared to gold mining companies.<\/p>\n<p><strong>What Happened<\/strong>: In a recent X post, Schiff pointed out that MicroStrategy, despite not earning or producing much, has a market valuation exceeding all gold mining companies except for <strong>Newmont Corporation<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/NEM#NYSE\">NEM<\/a>), the largest in the sector. <\/p>\n<p>Schiff even initiated an X poll, asking his followers if MicroStrategy\u2019s market cap will eventually surpass Newmont\u2019s. As things turned out, more than 83% voted in favor of such an outcome. <\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/MicroStrategy?src=hash&amp;ref_src=twsrc%5Etfw\">#MicroStrategy<\/a> earns nothing and practically produces nothing, yet its current market capitalization exceeds that of every <a href=\"https:\/\/twitter.com\/hashtag\/gold?src=hash&amp;ref_src=twsrc%5Etfw\">#gold<\/a> mining company in the world except for Newmont, which has a market cap roughly &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41616100\/peter-schiff-asks-followers-if-microstrategy-can-tower-this-gold-mining-giant-in-marketcap\" alt=\"Peter\" schiff asks followers if microstrategy can tower this gold mining giant in marketcap here the message they delivered>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned economist Peter Schiff questioned the soaring market capitalization of Bitcoin (CRYPTO: BTC) proxy company MicroStrategy Inc. (NASDAQ:MSTR) compared to gold mining companies. What Happened: In a recent X post, Schiff pointed out that MicroStrategy, despite not earning or producing much, has a market valuation exceeding all gold mining companies except for Newmont Corporation (NYSE:NEM), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1853","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1853"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1853\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}