Financial analyst and Bitcoin critic Peter Schiff questions the crypto holders' readiness for high risks amid market volatility.
Michael Saylor's Position
Michael Saylor, a vocal Bitcoin advocate, reiterated his statement about being ready to 'ride Bitcoin to zero' during a recent interview. This prompted Schiff to question how many other investors, including Strategy ($MSTR) shareholders, share this risk tolerance.
Schiff's Criticism
On his X (formerly Twitter) page, Schiff asked if other Bitcoin holders truly share such a risk level, specifically pointing out the importance for Strategy ($MSTR) shareholders.
Gold Comparison
Schiff also highlights the current performance gap: gold has gained 18% year-to-date, while Bitcoin has dropped 11% over the same period.
Schiff's remarks once again raise the question of investors' readiness for high risks amid market uncertainty and commitment to different investment strategies.
