The post ‘Bitcoin Charlatan’: Canadian Billionaire Slams Strategy’s Saylor appeared on BitcoinEthereumNews.com. “Reckless” piece of advice  “Going nowhere”  Canadian billionaire Frank Giustra has lambasted Strategy’s Saylor as a “Bitcoin charlatan.” This is the most blistering critique of Saylor that comes from Giustra after the two took part in a viral debate back in 2021.  “Reckless” piece of advice  In a short video clip shared by the “Documenting Saylor” X account, Saylor drew parallels between investing in the same token and wearing the same pair of glasses or using the same knife. “The point is that you should put on one pair of glasses, you have one pair of Airpods right now, you are looking at me through one screen…Ultimately, if you are a rational individual, when you use knives, do you have copper knives, wooden knives, steel knives, aluminum knives, rubber band knives, because you are afraid to commit to the right knife?” Saylor said.  Saylor is, of course, known as one of the most vocal Bitcoin maximalists, whose company owns a whopping 640,000 BTC. He has repeatedly rejected the idea of buying alternative cryptocurrencies or other assets.  However, the gold mining tycoon has criticized Saylor’s anti-diversification advice as “reckless.” “Going nowhere”  Earlier today, Giustra also slammed Bitcoin influencer Adam Livingston, who argued that gold had zero advantages over the leading cryptocurrency.  In response, the Canadian billionaire pointed to gold’s outperformance against Bitcoin.  “Seems the gold price is in disagreement with your theory,” he said, adding that “Bitcoin is going nowhere.”  The leading cryptocurrency is down roughly 30% against the traditional store of value this year.  Source: https://u.today/bitcoin-charlatan-canadian-billionaire-slams-strategys-saylorThe post ‘Bitcoin Charlatan’: Canadian Billionaire Slams Strategy’s Saylor appeared on BitcoinEthereumNews.com. “Reckless” piece of advice  “Going nowhere”  Canadian billionaire Frank Giustra has lambasted Strategy’s Saylor as a “Bitcoin charlatan.” This is the most blistering critique of Saylor that comes from Giustra after the two took part in a viral debate back in 2021.  “Reckless” piece of advice  In a short video clip shared by the “Documenting Saylor” X account, Saylor drew parallels between investing in the same token and wearing the same pair of glasses or using the same knife. “The point is that you should put on one pair of glasses, you have one pair of Airpods right now, you are looking at me through one screen…Ultimately, if you are a rational individual, when you use knives, do you have copper knives, wooden knives, steel knives, aluminum knives, rubber band knives, because you are afraid to commit to the right knife?” Saylor said.  Saylor is, of course, known as one of the most vocal Bitcoin maximalists, whose company owns a whopping 640,000 BTC. He has repeatedly rejected the idea of buying alternative cryptocurrencies or other assets.  However, the gold mining tycoon has criticized Saylor’s anti-diversification advice as “reckless.” “Going nowhere”  Earlier today, Giustra also slammed Bitcoin influencer Adam Livingston, who argued that gold had zero advantages over the leading cryptocurrency.  In response, the Canadian billionaire pointed to gold’s outperformance against Bitcoin.  “Seems the gold price is in disagreement with your theory,” he said, adding that “Bitcoin is going nowhere.”  The leading cryptocurrency is down roughly 30% against the traditional store of value this year.  Source: https://u.today/bitcoin-charlatan-canadian-billionaire-slams-strategys-saylor

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more