Schiff also challenged Binance co-founder Changpeng Zhao (CZ) to a debate, slated to take place in December in the United Arab Emirates.
Gold investor Peter Schiff called Strategy’s business model, which hatched the biggest Bitcoin (BTC) treasury company in the world, a “fraud” on Sunday and challenged the company’s founder, Michael Saylor, to a debate.
Schiff, who is one of crypto and Bitcoin’s harshest critics and a staunch gold advocate, challenged Saylor to a debate at Binance Blockchain Week in Dubai, United Arab Emirates (UAE), in December. In a separate X post, Schiff argued:
Once this happens, Strategy will no longer be able to issue more debt, sparking a “death spiral,” Schiff continued.
