According to U.Today, a recent social media dispute has emerged between MicroStrategy CEO Michael Saylor and financial expert Peter Schiff. The disagreement was sparked by Saylor's comment about Satoshi Nakamoto, the creator of Bitcoin. Saylor, a well-known Bitcoin advocate, boldly stated that in the future, everything before Satoshi will be considered as nonsense. Schiff, a known Bitcoin skeptic, expressed a contrasting view, suggesting that in time, Satoshi will be seen as nonsense.
This latest clash adds to the ongoing debate between these two prominent figures. Schiff had previously criticized Saylor's decision to buy an additional 9,245 BTC last month, warning MicroStrategy of potential losses. Schiff suggested scenarios where Bitcoin's price could drop to $20,000 or even $10,000, resulting in billions of losses for the company.
Despite the differing opinions about Satoshi Nakamoto and Bitcoin within the crypto community and financial circles, the primary cryptocurrency's price is showing growth in today's crypto market trading. This growth is a continuation of the previous day's positive close. However, at the start of the week, Bitcoin's price is down 7%, quoted at $66,300. For context, the average purchase price of Bitcoin by MicroStrategy is approximately $33,700, indicating that Michael Saylor's company has a 96.73% profit on its cryptocurrency position.