Economist and market commentator Peter Schiff disputed Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor’s oft-repeated framing of Bitcoin (CRYPTO: BTC) as a “digital property” and its comparisons to real estate.
Schiff Questions Bitcoin’s Value
In an X post, Schiff argued that, unlike real estate, which can be used or rented out, Bitcoin, as a digital property, holds no inherent value.
“You can use it [real estate] yourself or rent it out to someone else. What value does Bitcoin have as digital property?,” Schiff questioned.
When countered by citing Bitcoin’s acceptance as collateral for mortgages, Schiff said that collateral itself has no underlying area, and permitting it reflects nothing but “bad policy” from the Trump administration.