Schiff: If a genius like Saylor can't profit from BTC, who can?

Noted Bitcoin critic Peter Schiff, CEO of Euro Pacific Capital, has cited MicroStrategy's unrealized losses on its BTC holdings to question the rationale for the average person to invest in the cryptocurrency. In a post on X, Schiff described MicroStrategy as both the biggest buyer and the biggest loser in Bitcoin, noting that despite accumulating the asset for over five years, the company currently holds an unrealized loss of $12 billion. He questioned why anyone would invest if "even a genius" like MicroStrategy founder Michael Saylor is unable to profit from it. Schiff added that even if Bitcoin's price were to return to $20,000, it would still be too much to pay for a worthless asset, warning investors not to be fooled by the logic that an 84% decline from its peak represents a buying opportunity.