Peter Schiff likens Bitcoin to a building that generates no rent

Noted Bitcoin skeptic and gold bull Peter Schiff has pushed back against MicroStrategy founder Michael Saylor's characterization of Bitcoin as a digital skyscraper. Schiff argued that simply holding Bitcoin generates no cash flow. According to BeInCrypto, Schiff also strongly criticized MicroStrategy's Bitcoin-based financial products, such as STRC, labeling them a 'centralized Ponzi scheme' and calling for an investigation by the U.S. Securities and Exchange Commission (SEC).