Peter Schiff: If Strategy had invested in gold instead of BTC, it might have achieved safer paper profits

ChainCatcher News, Economist Peter Schiff posted on X, pointing out that the bitcoin purchased by Michael Saylor for Strategy has gained about 47%. If he had bought gold and invested the same amount at the same time, the book profit would be about 30%, so the difference between the two is not significant.

However, the difference is that Michael Saylor could easily sell $61.5 billion worth of gold without affecting the overall gold market price, thus realizing actual profits. But if he tries to sell $69.5 billion worth of bitcoin, the market would collapse, because such a large-scale transaction could trigger a chain reaction in the community and cause massive liquidations, making all of Strategy's book profits disappear and resulting in huge losses.