Renowned economist and Bitcoin skeptic Peter Schiff commented on the U.S. government's impending sale of 69,370 Bitcoin. His post sparked a debate about Bitcoin's value, with supporters and critics engaging in online exchanges. Schiff sarcastically suggested that MicroStrategy CEO Michael Saylor should borrow $4.3 billion to buy Bitcoin, a dig at Saylor's investment strategy. Schiff has previously criticized Saylor's Bitcoin-heavy investments. Despite pushback from Bitcoin supporters, Schiff maintained his stance that Bitcoin lacks real value. This exchange highlights the ideological divide between traditional gold enthusiasts and Bitcoin maximalists. Schiff has repeatedly criticized Bitcoin, arguing that it lacks the tangible value of gold. He claims that Bitcoin is masking policy errors by the U.S. Federal Reserve.



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