Bitcoin A fraud, strategy may go bankrupt

Foreign stock and Goldworm investors have over $1 billion in managed assets, with extensive scans on Bitcoin and Michael Saylor’s BTC deliberate financial company (formerly known as Microstrategy).

He said the strategy would go bankrupt. But if this is reverse psychology, it must be working on Saylor. His company still hasn’t stopped others from getting more BTC in whale-sized bites.

Peter Schiff is not excited in X space

To start the program, Schiff said Bitcoin’s promoters sold it as a kind of digital gold, but it didn’t perform as much as precious metals at all, so “marketing” is “fraud.”

“Its idea of ​​digital gold is ruined because it is not traded like gold. It’s just some kind of risk asset.”

However, Bitcoin’s promoters did not say it would be like Rois as an investment. They say it has similar economic properties to metals due to its limited supply and the difficulty and cost of ensuring its fixation.

While Bitcoin’s price hasn’t been traded like gold lately, this is because it performs much better than yellow metals on a timeline that is very relevant to individual investors.

Bitcoin and Gold ROI 2009-10 Display

Insight: Gold has grown strongly, but the huge gains of Bitcoin cannot be ignored.

Gold has just reached a new ATH of $3,310, while Bitcoin has consolidated. But as we shrink, BTC’s epic rise far outweighs the performance of gold.

What are your predictions? pic.twitter.com/1okhgxltp5

– Office Area (@Coinbureau) April 16, 2025

Some frauds will be explained to the judge:

Sorry, we told the litigants that the product is like a tool that has provided a 230% return on investment in 16 years since 2009 and only 2.82 billion% since 2010.

In the X podcast, Schiff asked:

“What is the purpose of Bitcoin? We have a large number of risky assets. It’s a super risky asset, faster than other risky assets. According to what?”

He added: “There is at least one tech stock – there is a story of future gains that can be realized and you are buying a business that can make money.”

Bitcoin provides banking services, which is traditionally a very profitable and high-growth business because everyone needs it every day in a market economy.

Furthermore, Bitcoin does so in a simple and fundamentally useful way. It turns out that it can be reliable, fair, transparent and easy to use.

Bitcoin’s price is up 36% from the 12-month lag in mid-April.