Peter Schiff Goes Nuclear On Bitcoin, Saylor And CNBC

Submitted by QTR's Fringe Finance

When I sat down with Peter Schiff, the interview opened exactly the way our conversations always do—me giving him shit. After our last chat, he was upset he didn’t know it was video and he thought he was underdressed. This time, he asked in advance if it was video, I told him yes and he still rolled in straight from the pool. Meanwhile I was in a hoodie like a responsible adult.

Saylor vs. Schiff: The Holy Grail Debate

I told him I’d asked Michael Saylor last year if he’d debate him and Saylor flatly declined. I still think it’s the holy grail of Bitcoin debates and I’d host it tomorrow. Hell, I told Peter I’d donate ten grand to St. Jude’s if Saylor ever agreed.

Peter laughed: “At this point I don’t even want to debate Bitcoin with Saylor. I want to debate him on the premise that his entire company is a fraud.”

He’s challenged Saylor again because they’ll both be in Dubai for Blockchain Week, where Peter is already scheduled to spar with CZ about Bitcoin versus tokenized gold. But he doesn’t think Saylor will ever step on a stage with him.

Schiff Takes Aim At MicroStrategy

We dove into MicroStrategy. Peter could barely contain his contempt for Saylor’s recent claim on TV that the company could pay dividends for seventy years at current Bitcoin prices, or survive a ninety percent Bitcoin crash.

“That’s ridiculous. If Bitcoin goes down ninety percent, the company won’t exist anymore.”

He tore into the preferred stock structures, the paper “income” created by unrealized Bitcoin gains, and the idea of...(WATCH THE FULL 2 HOUR LONG DISCUSSION HERE).