Peter Schiff: If Strategy invests in gold instead of BTC, it may achieve safer paper profits

ChainCatcher news, economist Peter Schiff posted on the X platform pointing out that the Bitcoin purchased by Michael Saylor for Strategy has gained about 47% in profit. If he had bought gold and invested the same amount at the same time, the account profit would be about 30%, with not much difference between the two.

But the difference is that Michael Saylor can easily sell gold worth $61.5 billion without affecting the overall gold market price, thus realizing actual profits. However, if he tries to sell Bitcoin worth $69.5 billion, the market would crash, as such a large-scale transaction could trigger a community chain reaction and lead to massive liquidations, causing all of Strategy's paper profits to vanish and resulting in huge losses.