Peter Schiff’s Sarcastic
Suggestion:
Trump Media Should
Bet on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Peter Schiff, a long-time economist and vocal critic of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, has once
again stirred the crypto pot. This time, he is targeting Trump Media &
Technology Group (TMTG), the company behind the stock ticker DJT.
In a bold and potentially tongue-in-cheek tweet, Schiff suggested that TMTG,
which he claims “doesn’t actually have a business• Экономика » Бизнес,” should consider taking a
page from MicroStrategy’s playbook.
Schiff Mockingly Advises Trump Media to Bet Big on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
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In a post on X (formerly Twitter), Schiff says that TMTG should convert its
cash holdings into Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin). Further, he urges Trump Media &
Technology Group to borrow billions and issue more shares to buy even more
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, setting DJT stock up for a “moonshot.”
“Since DJT stock does not actually have a business• Экономика » Бизнес, why doesn t it just
use its cash to buy Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ?” Schiff wrote .
Likely, with his usual hint of irony, the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin skeptic urges the firm to
follow the Michael Saylor business• Экономика » Бизнес playbook.
“Borrow billions and issue more shares, then use the money raised to buy even
more Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin,” he added.
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This suggestion may seem uncharacteristic, given Schiff’s history with
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. He recently dismissed the BTC price surge as the “ biggest bubble in
history .” Schiff has been one of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s most relentless critics ,
frequently arguing that the asset lacks intrinsic value and will eventually
crash .
Recently, he openly stated that many of his Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin-related tweets are
sarcastic, adding a layer of humor to his otherwise pessimistic views on the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. For Schiff, this latest comment appears to play into that
tone, positioning TMTG’s potential Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin strategy as a satirical example of
the high-risk approach taken by companies like MicroStrategy.
“Peter would rather swim in salt instead of just buying some Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin,” one
user on X quipped .
However, Schiff’s call-out to Trump Media may also reflect his skepticism
about TMTG’s business model. DJT has been volatile since its launch, with
critics questioning its long-term viability. DJT Stock Performance. Source:
finance.yahoo
The economist’s suggestion to pour the company’s cash reserves into Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
could be viewed as a jab at both the speculative nature of cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
investments and TMTG’s business• Экономика » Бизнес fundamentals.
MicroStrategy’s Aggressive Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Moves as a Blueprint
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MicroStrategy, a business intelligence• Экономика » Бизнес » Менеджмент » Управление проектами » Управление данными » Бизнес-анализ firm led by CEO Michael Saylor, has
indeed gone all-in on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. It recently announced its largest Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
purchase to date. In total, the company holds over 160,000 BTC and plans to
continue buying, with ambitions to invest up to $42 billion more in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
between 2025 and 2027 .
This strategy has seen MicroStrategy leverage its balance sheet and even issue
debt to fund its acquisitions, essentially betting the company’s future on
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s success.
For Saylor, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin represents a safe haven and a hedge against inflation ,
especially given his belief in the US dollar’s declining purchasing power.
Saylor’s approach has boosted MicroStrategy’s stock value, although it has
also introduced significant volatility due to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s notorious price
swings.
“This year, MSTR [MicroStrategy stock] treasury operations delivered a BTC
Yield of 26.4%, providing a net benefit of approximately 49,936 BTC to our
shareholders. This is equivalent to 157.5 BTC per day, acquired without the
operational costs or capital investments typically associated with bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
mining,” Saylor shared recently.
It is worth mentioning that MicroStrategy leverages debt to grow its Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
portfolio while managing existing debt obligations. Since 2020, the firm has
employed this approach, raising billions of dollars to acquire Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin .
As Schiff has previously labeled Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin a speculative asset bound to implode,
his suggestion that TMTG should mimic MicroStrategy’s tactics might be loaded
with irony. By invoking MicroStrategy’s strategy in a sarcastic tone, he is
likely reminding investors of the risks involved in placing a company’s future
in such a volatile asset.
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