{"id":3456,"date":"2024-11-29T03:16:37","date_gmt":"2024-11-29T03:16:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3456"},"modified":"2024-11-29T03:16:37","modified_gmt":"2024-11-29T03:16:37","slug":"peter-schiff-calls-microstrategy-a-great-short-and-issues-a-grim-warning-it-can-only-end-in-bankruptcy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3456","title":{"rendered":"Peter Schiff Calls MicroStrategy A &#8216;Great Short&#8217; And Issues A Grim Warning: &#8216;It Can Only End In Bankruptcy&#8217;"},"content":{"rendered":"<div>\n<p>Influential economist and market strategist\u00a0<strong>Peter Schiff<\/strong>\u00a0said shorting <strong>MicroStrategy Inc.\u2019s<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) stock was a good idea, as he predicted potential bankruptcy for the company.<\/p>\n<p><strong>What Happened<\/strong>: During an interview with Kitco News that aired Thursday, Schiff called MicroStrategy a \u201cgreat short\u201d if one\u2019s got the staying power, though he denied himself taking such a position.<\/p>\n<p>\u201cIf\u00a0you understand the dynamics of\u00a0how this works, I mean\u00a0you see that it can\u00a0only end in the bankruptcy\u00a0of MicroStrategy,\u201d the Bitcoin critic made a bold prediction.<\/p>\n<p>Making his argument, Schiff said that the company\u2019s commitment to repay a large sum of money to c<a href=\"https:\/\/www.benzinga.com\/markets\/equities\/24\/11\/42186167\/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them\">onvertible note holders<\/a> could be a potential risk\u00a0if the price of <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), the asset it holds on its books,\u00a0drops.<\/p>\n<p><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Bitcoin Strategic Reserve: Selling Gold for Bitcoin Is \u2018Worst Monetary Mistake' US ...&lt;\/div&gt;&lt;\/figure&gt;&lt;\/p&gt;&lt;p&gt;&lt;a href=https:\/\/www.benzinga.com\/24\/11\/42237876\/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy alt=Peter Schiff Calls MicroStrategy A 'Great Short' And Issues A Grim Warning: 'It Can Only End In Bankruptcy'&gt;Full story available on Benzinga.com&lt;\/a&gt;&lt;\/p&gt;&lt;\/div&gt;&lt;\/body&gt;&lt;\/html&gt;\"><\/iframe><\/div>\n<\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Influential economist and market strategist\u00a0Peter Schiff\u00a0said shorting MicroStrategy Inc.\u2019s (NASDAQ:MSTR) stock was a good idea, as he predicted potential bankruptcy for the company. What Happened: During an interview with Kitco News that aired Thursday, Schiff called MicroStrategy a \u201cgreat short\u201d if one\u2019s got the staying power, though he denied himself taking such a position. \u201cIf\u00a0you [&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-3456","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\/3456","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=3456"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3456\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}