Satoshi

2024

Satoshi Nakamoto

Bitcoin

April

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
An unexpected social media battle broke out between MicroStrategy CEO&nbsp;<a href="https://x.com/saylor/status/1775603088163750079?s=20" rel="noopener noreferrer nofollow">Michael Saylor</a> and financial expert Peter Schiff today. The reason for the dispute was Saylor's statement mentioning Satoshi Nakamoto, the creator of Bitcoin.
Thus, the head of MicroStrategy, a well-known Bitcoin supporter, boldly proclaimed that in time, everything before Satoshi will be viewed as nonsense. Schiff, known for his skepticism toward&nbsp;<a href="https://u.today/billionaire-steve-cohen-on-bitcoin-maybe-its-the-new-gold" rel="noopener noreferrer nofollow">Bitcoin</a>, echoed quite the opposite sentiment.&nbsp;
<blockquote>
 In time Satoshi will be viewed as BS.— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1775680012110238082?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
</blockquote>
Michael Saylor is yet to respond to the hit by a vocal Bitcoin hater.
<h2 dir="ltr" id="profit-and-loss">Profit and loss</h2>
This latest altercation adds fuel to an ongoing dispute between the two prominent figures. Just last month, Schiff criticized Saylor's decision to purchase an additional 9,245 BTC, cautioning of potential losses for MicroStrategy.&nbsp;<a href="https://u.today/peter-schiff-on-silver-its-bitcoin-20" rel="noopener noreferrer nofollow">Schiff</a> warned of scenarios where Bitcoin's price could plummet to $20,000 or even $10,000, leaving the company with billions in losses. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c2cf5a94-9c66-4439-a5d4-f970921e7688" src="https://u.today/sites/default/files/inline-images/bitcoin_4.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
While the crypto community and financial circles can see two polarized opinions about&nbsp;<a href="https://u.today/ripple-cto-turns-heads-with-sudden-satoshi-nakamoto-question" rel="noopener noreferrer nofollow">Satoshi Nakamoto</a> and Bitcoin, the price of the main cryptocurrency is showing growth in today's crypto market trading, which is a continuation of yesterday, which also closed on the plus side.&nbsp;
As of the beginning of the week, the price of Bitcoin, however, is down 7%, quoted at $66,300. To clarify, the average MicroStrategy BTC purchase price is approximately $33,700, which means that Michael Saylor's company has a 96.73% profit on its cryptocurrency position.

Michael Saylor and Peter Schiff Engage in Intense Debate on Satoshi

Table of Contents

U_Today

Other articles published on Apr 4, 2024

#NoInternetDay may start today

Spot Bitcoin ETFs in the US Signal Positive Market Sentiment

Daily Market Review: BTC, ETH, FLR, BSV, XMR

Galaxy Digital Backs Crypto Startups with Its Latest $100 Million Fund

Binance NFT Marketplace Phases Out Bitcoin-Based NFT Transactions

Huge Wormhole Airdrop Attracts Scammers As W Plunges 15% After Debuting With $3 Billion Market Cap

Join our free newsletter for daily crypto updates!