Odaily Planet Daily News Economist and cryptocurrency critic Peter Schiff posted an article on the X platform criticizing MicroStrategy founder Michael Saylor. Schiff noted that Saylor claims to have access to digital capital, using it to issue digital credit, which is subsequently converted into a digital currency that can be deposited in a bank account. According to Schiff’s description, Saylor claims that the model delivers risk-free, tax-deferred perpetual gains of 8% with zero volatility. Schiff considers this view to be extremely insane.
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Peter Schiff slammed Saylor's remarks about a "risk-free 8% return"
Odaily Planet Daily News Economist and cryptocurrency critic Peter Schiff posted an article on the X platform criticizing MicroStrategy founder Michael Saylor. Schiff noted that Saylor claims to have access to digital capital, using it to issue digital credit, which is subsequently converted into a digital currency that can be deposited in a bank account. According to Schiff’s description, Saylor claims that the model delivers risk-free, tax-deferred perpetual gains of 8% with zero volatility. Schiff considers this view to be extremely insane.