Gold Bug Peter Schiff Just Dropped a 💣 on $BTC! 📉
Peter Schiff is back, and he’s doubling down on his anti-$BTC stance. He’s pitting Bitcoin’s “zero-yield” nature against the potential earnings explosion of silver mining companies in 2026. Schiff argues these companies represent productive assets, unlike Bitcoin, which he claims offers no intrinsic value.
He’s echoing the sentiments of Warren Buffett and Charlie Munger, who view non-productive assets as pure speculation – a “Greater Fool Theory” play. Schiff also takes aim at Michael Saylor’s MicroStrategy (MSTR), claiming their Bitcoin accumulation strategy has yielded a meager 3% annual return, with an average cost basis of $75,000 per coin. He believes Saylor would have seen far better returns elsewhere. 🤔 This isn’t just about gold vs. Bitcoin; it’s a fundamental clash of investment philosophies.
#Bitcoin #PeterSchiff #Macroeconomics #Investment 🐻
