Peter Schiff thinks Microstrategy buying rate is unsustainable.

[NotATether]

More Peter Schiff hateposting

https://x.com/PeterSchiff/status/1856316216085778545



Yeah, what could possibly go wrong?

I can't think of any.

In the worst case scenario, they simply stop buying more Bitcoin. They don't have to continuously buy Bitcoin for their company to survive.

He still seems to think that Microstrategy buying coins makes Bitcoin go up, as if that behavior hasn't already been priced in the first few times they've done this sort of thing.

[Tribalchief]

More Peter Schiff hateposting

https://x.com/PeterSchiff/status/1856316216085778545

Yeah, what could possibly go wrong?

I can't think of any.

In the worst case scenario, they simply stop buying more Bitcoin. They don't have to continuously buy Bitcoin for their company to survive.

He still seems to think that Microstrategy buying coins makes Bitcoin go up, as if that behavior hasn't already been priced in the first few times they've done this sort of thing.

Coming from someone who has seen Bitcoin experience some wild bullish movements without even being part of it.

we understand that frustration.

It’s quite amusing that someone spends the entire day (365 days a year) on social media condemning it. I wonder who even visits his page.

And, if I'm not mistaken, MicroStrategy bought some Bitcoin yesterday. I don’t really understand the impact this had on the recent bullish movement, because, from what I know, it already started last week.

[Mia Chloe]

First and foremost the fact is their buying pressure actually increase the momentum of the market. Now the idea is how long will it last the whole bull started when trump won the election however since then other factors like big corporations such as micro strategy buying more bitcoins has been one of the major factors for the continuous bull run.

The truth is there's a lot of tension in the market right now and this is as a result of people being scared that even with this big firms trying to push price up price isn't going to actually cross the 90k mark and the reason I'm saying this is simply because if you check towards afternoon. Today fees increased a lot which actually seems that many bitcoiners are trying to swap or move their Bitcoin.

[Charles-Tim]

It is Peter Sheriff who is a bitcoin critic. I have noticed how biased this man is when it comes to bitcoin. He has not said anything positive about bitcoin before. Now he is going for Microstrategy. Very bad of him. He likes or not, bitcoin businesses will grow.

[Stompix]

Yeah, what could possibly go wrong?
I can't think of any.

Simple, Bitcoin goes down and they have to pay those 4 billiosn in debts they have used to buy Bitcoins by selling more, crashing the price.
There is no infinite money glitch that can work endlessly or we would have already made it with other things, long before Bitcoin.

Juts think, what would have stopped a far bigger player to do this with Gold and raise the price per ounce to 1 million?

[target]

What could go wrong is how deep the price could dive when the bear market returns because those who borrowed will all be dumping to pay their interest and wait again when when all are looking again to make money in the bull run.

Peter is always a gold person. Not open to Innovation, he been debating against Bitcoin people online.

[Aanuoluwatofunmi]

More Peter Schiff hateposting

https://x.com/PeterSchiff/status/1856316216085778545



Yeah, what could possibly go wrong?

I can't think of any.

In the worst case scenario, they simply stop buying more Bitcoin. They don't have to continuously buy Bitcoin for their company to survive.

He still seems to think that Microstrategy buying coins makes Bitcoin go up, as if that behavior hasn't already been priced in the first few times they've done this sort of thing.

Peter Schiff is having a misconception of the idea behind MicroStrategy and Bitcoin market as well, these are what he ought to have understand well before coming on public to say things that are not it at all, the rise and fall of bitcoin depends on the market demands and supply, the news also have a way of pushing the market price to an extent, even though not to the most expectations, but this current surge in the bitcoin market was being orchestrated by the US presidential election won by Trump, which we all know, even though this bullrun might not have come this earlier if the election was not in place, but will still happen.

[bhadz]

It is not sustainable because it was not his company nor his pocket and that's why he's a forever critic of Bitcoin and anyone who invests on it. Well, he's known for his words about Bitcoin and that's why whatever he says about Bitcoin shouldn't be taken seriously and so as what other companies that does their own thing for accumulation of Bitcoin. MSTR did the impossible of many others don't do, and they are going to continue doing that for as long as they have capital to do so and they're in billion if not in hundred millions of profits already.

[yhiaali3]

I can only think of one thing, Peter Schiff is still living in the past and he still hasn't been able to understand and read that Bitcoin is the future unlike Microstrategy.

He didn't come up with a revolutionary theory, Microstrategy's buying rate of Bitcoin is definitely not sustainable, they won't buy forever, they will stop at some point and start making their profits, but what will he do then?

If he doesn't like Bitcoin and doesn't understand it yet, he doesn't have to buy, no one is forcing him to do so, he should simply shut up and let people do what they think is right for them.

[target]

I can only think of one thing, Peter Schiff is still living in the past and he still hasn't been able to understand and read that Bitcoin is the future unlike Microstrategy.

He didn't come up with a revolutionary theory, Microstrategy's buying rate of Bitcoin is definitely not sustainable, they won't buy forever, they will stop at some point and start making their profits, but what will he do then?

If he doesn't like Bitcoin and doesn't understand it yet, he doesn't have to buy, no one is forcing him to do so, he should simply shut up and let people do what they think is right for them.

It didn't stopped him from debating Saylor, Rauol Pal and some other else. He seems to be knowledgeable about Bitcoin actually. And most probably he learned it all from his son who is a Bitcoin Investor also.

He does have some point in his debates as he questioned the purpose of BTC and who owns the 1M BTC of Satoshi because if the guy decides to sell it all, we're all gonna be dumbfounded because we're decieved. And that only a few in the world owns BTC so what about the rest.

These could be what he's saying what can go with wrong.

[NotATether]

It’s quite amusing that someone spends the entire day (365 days a year) on social media condemning it. I wonder who even visits his page.

At least 278.9 thousand people, that's for sure 

But to be fair, he is handing out free X/Twitter engagement money to bitcoins, because it is so easy to banter his takes on Bitcoin. That is to say, everybody can see through him.

[KryptoBull]

I can't think of any.

In the worst case scenario, they simply stop buying more Bitcoin. They don't have to continuously buy Bitcoin for their company to survive.

He still seems to think that Microstrategy buying coins makes Bitcoin go up, as if that behavior hasn't already been priced in the first few times they've done this sort of thing.

Saylor said that Mstr plans to invest 40B USD to accumulate BTC in the future, and Mstr also has a plan to introduce a BTC bank when there are enough BTC in the reserve account. Clearly, Saylor and Mstr do not need advice from an anti-BTC person like Peter Schiff.

From another perspective, I don't think Peter Schiff really hates BTC, he is very interested in BTC and often mentions BTC. I wouldn't be surprised if tomorrow he announced that he has accumulated billions of USD worth of BTC.

[mu_enrico]

His logic was from the egg man thing: https://x.com/PeterSchiff/status/1852004824973185363
Well, it makes sense... but you can replace the egg with anything, even with his beloved gold. The problem with Saylor's action is about the debt IMO, since he's basically gambling. The cost of debt and cost of equity will be funded solely by the BTC price increase and that's where it's unsustainable because there's still a chance of a bear market. Remember many closed shops where bull turns into bear last cycle.

[Faisal2202]

Simple, Bitcoin goes down and they have to pay those 4 billiosn in debts they have used to buy Bitcoins by selling more, crashing the price.
There is no infinite money glitch that can work endlessly or we would have already made it with other things, long before Bitcoin.

Juts think, what would have stopped a far bigger player to do this with Gold and raise the price per ounce to 1 million?

I did not understand why such a reputed company would be risking themselves by taking loan to buy more BTC don't they think they can get the chance of buying BTC again. Why are they so bullish and AFAIK they are already making high returns on their investments. The profit is too big so maybe that's why they are using that profit as collateral to get more BTC as in the form of loan that NEXO type platforms give.

LTV is a good method and risk is low considering the month is bullish and nothing goes wrong. They must have a good plan in place to save themselves from getting liquidated so I hope nothing wrong will happen to them if things will go right but if don't then they will need funds to pay the interest and the BTC they pledged to get loan will be taken away and the investors of their shares will lose and market might see a big dump.

[yhiaali3]

It didn't stopped him from debating Saylor, Rauol Pal and some other else. He seems to be knowledgeable about Bitcoin actually. And most probably he learned it all from his son who is a Bitcoin Investor also.

It's good that the son is not like his father.
At least as long as his son is investing in Bitcoin, it means that he is not convinced by his father's words in reality, so how can Peter Schiff convince others then?

Anyway, he may be aware of Bitcoin as you say, but he certainly does not have a keen eye and foresight for the future like Michael Saylor and the big companies that invested in Bitcoin. He is free to choose, of course, but he does not have to prevent others.