Bitcoin News
By Steven Anderson
1 / 15
Bitcoin’s Treasury Trend Under Fire. On July 14, Schiff took to social media platform X (formerly Twitter) to criticize what he calls a…
2 / 15
Backing from Other Economists. Schiff’s warning was echoed by economist Steve Hanke, professor of applied economics at Johns…
3 / 15
Michael Saylor in the Spotlight. Schiff also directed part of his criticism at Michael Saylor, the co-founder and executive…
4 / 15
Silver as an Alternative. As Bitcoin continues to dominate headlines, Schiff pointed to silver as a better investment option.
5 / 15
Bitcoin Advocates Push Back. Despite Schiff’s criticism, many in the crypto space argue that Bitcoin offers unique advantages…
6 / 15
Is Bitcoin’s Foundation at Risk?. The debate underscores a growing divide between traditional economists and the digital asset…
7 / 15
The rise of corporate Bitcoin treasuries is raising serious concerns among critics, who fear that unchecked accumulation by large firms may create a speculative bubble.
8 / 15
As Bitcoin reaches new highs and more companies convert cash reserves into digital assets, Schiff argues that this trend is not about genuine adoption but speculative behavior.
9 / 15
He went further by labeling the situation a pyramid scheme:
10 / 15
“This is a Ponzi built on a pyramid. It’s not about broadening bitcoin adoption — it’s about wild centralized speculation that undermines bitcoin’s foundational principles.”
11 / 15
His comments directly challenge the current trend where major companies and investment firms, like MicroStrategy, are amassing vast amounts of Bitcoin in their corporate…
12 / 15
“Bitcoin and Ethereum treasuries have no business model because BTC has no fundamental value.”
13 / 15
Both Schiff and Hanke argue that companies are gambling rather than investing, and that such strategies could collapse if sentiment turns negative.
14 / 15
Schiff also directed part of his criticism at Michael Saylor, the co-founder and executive chairman of MicroStrategy (Nasdaq: MSTR).
15 / 15
“It’s only going up until the bubble bursts, then it will crash,” Schiff warned. “Saylor may well end up being the greatest fool, but this dynamic can’t continue forever.
The Currency Analytics
Want the full story?