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Peter Schiff Mocks MicroStrategy CEO's Plan to “Take Bitcoin to the Grave”

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Sat, 07/31/2021 - 08:25
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Yuri Molchan
Vocal Bitcoin hater Peter Schiff has criticized MicroStrategy CEO for announcing that the company hopes to store its BTC “forever”
Peter Schiff Mocks MicroStrategy CEO's Plan to “Take Bitcoin to the Grave”
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CEO of the Euro Pacific Capital and a gold lover Peter Schiff has taken to Twitter to comment on the recent interview of the MicroStrategy CEO Michael Saylor about the company’s long-term plan regarding Bitcoin.

MicroStrategy hopes to hold Bitcoin “forever”

While talking to the Bloomberg TV on Friday, July 30, Saylor called Bitcoin digital property and the future of property that is going to be held, as per his expectations, by all governments, banks, institutional and retail investors in the future.

He said that by continuously buying BTC, MicroStrategy wants to get as much Bitcoin as possible since the BTC offering is limited by 21 million.

When asked by the host whether MicroStrategy will stick to the 10-year period announced by Saylor or, perhaps, will sell their BTC earlier, the chief executive of the company stated that he hopes MicroStrategy will hold Bitcoin “forever”.

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Schiff slams Saylor for going “completely mad”

The gold bug Peter Schiff has slammed Michael Saylor in his tweet, saying that he will hardly be able to take “his Bitcoin to the grave”.

In response, Saylor posted an article about gold being stolen from the tombs of Egyptian pharaohs, perhaps hinting that you cannot store gold after death either.

Numerous Bitcoin maxis have many times spoken on Twitter about passing their BTC to their children and grandchildren and that has been their major argument about “still being early”.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.