Is Peter Schiff right or wrong?

[KiaKia]

Is it normal to really say that Saylor have defrauded investors? Because I don't think so, I never liked him though but I hate wrong accusations, if truly this is what defrauding means then every big popular people in crypto space are all guilty, they have all called a price that never came to past.

Or is this another politician struggle in play?
Right from day one, many people have lost money due to a prediction from popular figure.

They blindly held their coins thinking it will go higher and we tumbled, even while bitcoin was 69k in 2021.



Everyone who called 1 million per Bitcoin has also defrauded investors if that's the case, what do you think?

[Don Pedro Dinero]

Is it normal to really say that Saylor have defrauded investors?

I wouldn't say that much because that’s a legal term that could land Saylor in court, and if Saylor believes it’s a lie, he could sue Schiff.

But it is true that Saylor has contradicted himself quite a bit lately. And another thing—which I think is what Schiff is referring to—is that the marketing approach for the STRC product is, to put it mildly, less than ideal. He’s been selling it as a safe product where retirees could put all their assets, and it’s certainly not very safe.

Just because Schiff has ridiculous ideas about Bitcoin doesn’t mean he can’t be right about this.

[aoluain]

Is it normal to really say that Saylor have defrauded investors? Because I don't think so, I never liked him though but I hate wrong accusations, if truly this is what defrauding means then every big popular people in crypto space are all guilty, they have all called a price that never came to past.

Peter Schiff was never a fan of Bitcoin and Crypto so first off I wouldnt take anything he has
to say about anything related to crypto with any seriousness. I see this comment by him towards
Saylor as just another chance to spout negativity towards Bitcoin.

Or is this another politician struggle in play?

Neither of these two people are politicians

Everyone who called 1 million per Bitcoin has also defrauded investors if that's the case, what do you think?

1 million per Bitcoin could still happen though, just because it didnt happen to date doesnt
meant it wont happen at all.

[tabas]

Is it normal to really say that Saylor have defrauded investors? Because I don't think so, I never liked him though but I hate wrong accusations, if truly this is what defrauding means then every big popular people in crypto space are all guilty, they have all called a price that never came to past.

Defrauding means that Michael took money from people with lies, did he do that? I don't think so, while there's a free speech on what's the take of people for investments and that's the same as what Peter has been doing all of this time. But this is where the different opinions comes in like how he's said that they're not going to sell and then had a reversal that it's for people and not for Microstrategy.

Or is this another politician struggle in play?
Right from day one, many people have lost money due to a prediction from popular figure.

Politics is out of it and it's the same in other markets that there are people like Peter and Michael that gives negative and positive input about their shared markets.

Everyone who called 1 million per Bitcoin has also defrauded investors if that's the case, what do you think?

Nope, that's prediction and that's why every investor needs to put a grain of salt for all of what these people say about prices and markets.

[AprilioMP]

These two figures—and perhaps others not mentioned here—may offer their own analyses of how high Bitcoin’s price will go, because each of them is free to share their price predictions based on the data they consider reliable.

As for whether they are right or wrong, I personally lack the ability to judge that. I simply want to stand by my own decision and do not want their predictions to be the final factor behind my decision. In my view, it would be very wise for people to use their predictions merely as material to support their own analyses.

[Die_empty]

Is it normal to really say that Saylor have defrauded investors? Because I don't think so, I never liked him though but I hate wrong accusations, if truly this is what defrauding means then every big popular people in crypto space are all guilty, they have all called a price that never came to past.

Almost every business owner speculates on asset prices. Recently, there have been different predictions of the price of oil because of the conflict in the Middle East. I have also read about speculations about the price of gold. I am not the judge, but I don't think predicting the future price of Bitcoin could be seen as fraud. Was there any document to prove that Michael Saylor told investors that Bitcoin would surely get to a certain price?

To defraud means to illegally take money, property, or legal rights from a person, company, or organization through deliberate deception, trickery, or misrepresentation.

The court will have to prove whether he tricked or deceived investors.

[Charles-Tim]

Everyone who called 1 million per Bitcoin has also defrauded investors if that's the case, what do you think?

This is the second time that Peter Schiff targetd Michael Saylor that I know, but this one is very wrong. Do you know who Peter Schiff is to bitcoin? He is a bitcoin critic, he is trying all means to make sure bitcoin will not grow, but bitcoin disappointed him. This is just one if his stupid speeches.

He has said something wrong about bitcoin several times, but he is always wrong. If he can say something wrong about bitcoin, he will also want to go against bitcoin treasury companies and he targeted Strategies which is the largest among them.

[Somegory]

Peter Schiff stays neutral, it's like he was expecting some bad things to happen, I've never seen him dropping stupid impossible price predictions before, if anyone thinks I missed a part they should drop evidence.

This man is the only one warning investors that Bitcoin can go as low as 20,000 in 2026, he said that if the price breaks below 50,000 it will force many big holders to dump and 20,000 will be possible, he have said this countless time.

This is what I expected from a smart person because they don't just run their mouth.
Peter Schiff also warned investors that MicroStartegys very own Bitcoin backed yield is heading towards a death spiral, I saw this on news some time ago and I don't have any reasons  to doubt.

STRC preferred stock dividends will eventually be forced to sell Bitcoin to meet obligations, what if more downside will happen simply because of MicroStartegy dumping massively? It's also possible so if I have to choose between these two it will be Peter Schiff anyday.

[Alpha Marine]

If you use the prediction to lure investors to you, then I think it can be termed as defrauding, but if he simply made a prediction while speaking in a seminar or interview, I doubt there is a case, but then you may never know. Legal cases are never straightforward. He never included a time stamp; he simply made a prediction, so he can argue that his predicted price will happen in 20, 50 or 100 years.

If Saylor is to be sued, I don't think it will be for his predictions, but for his business model. I don't like to speak about it too much because I don't have all the details, but from where I'm standing, selling company shares and using the money to invest in Bitcoin and then selling the Bitcoin to pay dividends looks like a Ponzi scheme to me. Dividends should be paid from the profit the company made. It should be from the stock prices, not from the company's reserve.

[SUPERSAIAN]

Everyone who called 1 million per Bitcoin has also defrauded investors if that's the case, what do you think?

This is the second time that Peter Schiff targetd Michael Saylor that I know, but this one is very wrong. Do you know who Peter Schiff is to bitcoin? He is a bitcoin critic, he is trying all means to make sure bitcoin will not grow, but bitcoin disappointed him. This is just one if his stupid speeches.

He has said something wrong about bitcoin several times, but he is always wrong. If he can say something wrong about bitcoin, he will also want to go against bitcoin treasury companies and he targeted Strategies which is the largest among them.

I remember Peter Shiff targeting Saylor before, but I don't quite remember why. Looking at this time, what he's saying doesn't seem very logical either. Since he's a Bitcoin critic, he'll criticize and denigrate people who invest in Bitcoin. There's no need to look for logic in what he says. He's just trying to target people. He's already too late to stop Bitcoin; it's become unstoppable, and he knows it, actually.

[letteredhub]

Snip

1 million per Bitcoin could still happen though, just because it didnt happen to date doesnt
meant it wont happen at all.

Is there anywhere Michael Saylor added a date to when bitcoin per coin would be priced at $1million?! None that I can see in any paper. It was just a regular prediction to the future price of bitcoin and that future can be any time even for the next one or two decades.
I have seen many predictions of people in and outside of this forum giving different predictions of bitcoin reaching a particular amount but it never did, yet no body calling for a legal action on them. Why. Because it's a prediction market and everyone is free to make their prediction base on personal opinion or analysis of the what they thinkan asset by it current potentiality can reach in the future. By the way, what happens to DYOR rule.

[bitbollo]

these are really techincal arguments and I am pretty confident saylor would never damage investors or bitcoiners.
anyway  the rule has always been the same... and I would say has never changed. You had just to not care about "expert" because if you look deeply you will see = they want your btc to selling you some other things...

if the narrative has become don't buy btc, buy another thing... its better for btc it's evident that we are still not see the same space...
 

[rat03gopoh]

Isn't that just the umpteenth time Peter Schiff has mentioned Saylor? A btc maximalist (though I assume not anymore) and a die-hard gold promoter, this is just the eternal battle between two prominent figures. It's a classic FUD ploy to undermine a rival's ideas. I think we all know that the idea of ​​an investment prospectus has an implicit disclaimer, especially if it's from a prominent figure.

[mindrust]

Peter Schiff will eventually be right. He predicted all the bear markets because he only predicts bear markets... He is also perma bull on gold and gold eventually goes up... One day he will be right about bitcoin too but that day may come 100 years later way after we all die...

Does that make Peter right?

I don't think so.