75 Basis Point Rate Hike May Signal Peak Hawkishness – Ep 820
The Peter Schiff Show Podcast
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Investing in Bit Coin - The Worst Advice You Can Ever Give
The ceo of micro strategy borrowed billions to buy bit coin, put it on his company's balance sheet. And he encouraged everybody else to do the same thing. He had a big summit for ceos when bit coin was forty or 50 thousand. When he was on cnbc this morning, bit coin was around 21 thousand. Since he invested four billion, he was down about one and a quarter billion. A lot of that money was borrowed. It was a disaster of an investment for micro strategy.
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