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Economist Peter Schiff slammed Strategy Inc.’s (NASDAQ:MSTR) Bitcoin (CRYPTO: BTC) investment approach on Thursday, arguing that the company would have been better placed had it chosen any other ***** et.
In an X post, Schiff pointed out that despite spending over $48 billion on Bitcoin in the past five years, the company’s total paper profits are less than 17%.
Schiff also took a swipe at Strategy co-founder Michael Saylor, stating, “Had Saylor bought just about any other ***** et, MSTR wou