Peter Chef, the financial expert and critic for a long time, Petro Chef, expressed his doubts about the long -term bitcoin (BTC). In a recent publication, Chef directed his remarks to Bitcoin lawyer Michael Sailor, CEO of Microstrategy. He said that Bitcoin has lost value when measured against gold, which is the origin that he believes will exceed digital currencies.
Peter Chef warns Michael Sailor: “Gold will eat Bitcoin”
In a recent post on the X platform, critic Bitcoin Peter Schiff Tag Microstrategy CEO, Microstrategy, focusing on the fact that Bitcoin was in the bear market for years when measured against gold. Chef stated that the value of bitcoin against gold has decreased by 24 % since 2021, as it decreased from 36.3 ounces per BTC to 27.7 ounces per BTC.
Chef pointed out that many investors fail to see the real value of bitcoin because they reside in the US dollar instead of gold. He said that the low purchase in Bitcoin in terms of gold indicates a long -term decline, despite periodic prices.
And more than that, the Bitcoin critic added,
“Gold is the APEX predic predic.”
More than that, Peter Chef recently Michael Sailor criticized Bitcoin strategy, on the pretext that the aggressive acquisitions of Microstrategy expose the company to severe financial risks. He pointed out that the company’s decrease by 55 % and the increase in debt levels can be paid towards bankruptcy if the price of bitcoin continues.
Bitcoin in the hidden bear market, claims chef
According to Peter Chef, Bitcoin was in a long ghost market when it was analyzed against gold instead of Fiat currencies. He stressed that although the price of bitcoin in US dollars has witnessed fluctuations, its value has decreased steadily.
Schiff maintains that Bitcoin fluctuations and the nature of speculation make them unreliable as a value store. And he insists that gold has maintained the power of buying for thousands of years, while the long -term bitcoin sustainability is still unconfirmed.
Michael Celor processing, Chef confirmed that history prefers gold over digital origins. He said that although Bitcoin supporters claim that it is “digital gold”, it lacks the fundamental value and is still subject to market speculation.
However, while Peter Chef continues to reject Bitcoin as a lower origin, his supporters assure it is a revolutionary financial tool. A recent report highlights that 95 % of us are a spot Bitcoin ETF investors continue To keep their positions despite the 25 % bitcoin price decreased in 2025. Bloomberg’s data also reveals that although ETF flows drop to $ 35 billion of institutional players, including Goldman Sachs, exposure to Bitcoin Etfs.
Meanwhile, despite criticism, Microstrategy residue Committed to the strategy of obtaining Bitcoin, announcing plans to raise $ 21 billion by offering preferred shares. The company stated that the money will be used to buy Bitcoin and corporate expenses.
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform and teach more people to the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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