Peter Schiff Calls Saylor’s Strategy ‘Fraud,’ Demands Live Debate

Peter Schiff Calls Saylor’s Strategy ‘Fraud,’ Demands Live Debate

Bitcoin critic Peter Schiff has slammed Strategy's Bitcoin model as “fraud,” calling Michael Saylor to debate on this proposition.

Is Saylor’s Bitcoin Strategy A ‘Fraud’? Schiff Wants A Live Debate To Prove It

Peter Schiff, a long-time gold investor and vocal critic of Bitcoin, on Sunday called Strategy Inc.’s Bitcoin-only approach “a fraud” and publicly challenged Michael Saylor to a live debate at Binance Blockchain Week in Dubai this December. Related Reading: Crypto Over Dollars: Belarus Makes Mining A National Priority Schiff said the firm’s recent profits are […]

Peter Schiff Slams Strategy’s Model as ‘Fraud’, Jeff Dorman Pushes Back

Peter Schiff calls Strategy’s business model a “fraud” and challenges Michael Saylor to a debate.

Peter Schiff blasts Strategy as fraud and challenges Saylor to debate

On Sunday, renowned gold advocate and outspoken crypto critic Peter Schiff labeled the business model of Strategy Inc. (formerly MicroStrategy) a “fraud.” He said the company’s approach—relying on income-oriented funds buying high-yield preferred shares—is deeply flawed. Schiff said the targets for raising these funds were advertised yields only and would never be actually delivered to the investor. After fund managers saw this, he warned, they …