The post Strategy ‘business model a fraud’ appeared on BitcoinEthereumNews.com. Peter Schiff opened fire on X by declaring Michael Saylor the “biggest con man on Wall Street” and calling Strategy’s business model a fraud. Naturally, this served as the perfect segue into his favorite topic: Bitcoin is a “fake” asset. Summary Schiff calls out Michael Saylor and Strategy while insisting Bitcoin is a “fake asset.” BlackRock’s Bitcoin ETFs are thriving, with IBIT nearing $100B in assets despite market dips. Corporations and central banks are actively buying Bitcoin, proving the “end” isn’t exactly trending. On Monday, Dec. 1, Schiff called out Saylor and didn’t mince words: “Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR’s interest and dividend obligations. The stock is broken. The business model is a fraud, and Saylor is the biggest con man on Wall Street.” Schiff also pointed out how the cryptocurrency slid 28% from all-time highs, while the Nasdaq sits just 2% below its peak. November’s $500 billion wipeout, he argues, is proof that investors are fleeing what he sees as an imaginary asset and racing toward “real ones.” Bitcoin isn’t selling off because it’s a risk asset, but because it’s a fake asset. The NASDAQ is less than 2% from its record high, yet Bitcoin is 28% below its record high. This shows that there’s more than just risk-off at play. This is a rotation from fake to real assets. — Peter Schiff (@PeterSchiff) November 30, 2025 Bitcoin: ‘Stronger’ than ever? Bitcoin is breaking down again, Schiff posted late Sunday. Over the past 24 hours, the world’s top digital asset has been in the red, down over 6% at last check. Source: CoinGekco Last month, Saylor seemed unfazed but the sudden market downturn and remains confident… The post Strategy ‘business model a fraud’ appeared on BitcoinEthereumNews.com. Peter Schiff opened fire on X by declaring Michael Saylor the “biggest con man on Wall Street” and calling Strategy’s business model a fraud. Naturally, this served as the perfect segue into his favorite topic: Bitcoin is a “fake” asset. Summary Schiff calls out Michael Saylor and Strategy while insisting Bitcoin is a “fake asset.” BlackRock’s Bitcoin ETFs are thriving, with IBIT nearing $100B in assets despite market dips. Corporations and central banks are actively buying Bitcoin, proving the “end” isn’t exactly trending. On Monday, Dec. 1, Schiff called out Saylor and didn’t mince words: “Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR’s interest and dividend obligations. The stock is broken. The business model is a fraud, and Saylor is the biggest con man on Wall Street.” Schiff also pointed out how the cryptocurrency slid 28% from all-time highs, while the Nasdaq sits just 2% below its peak. November’s $500 billion wipeout, he argues, is proof that investors are fleeing what he sees as an imaginary asset and racing toward “real ones.” Bitcoin isn’t selling off because it’s a risk asset, but because it’s a fake asset. The NASDAQ is less than 2% from its record high, yet Bitcoin is 28% below its record high. This shows that there’s more than just risk-off at play. This is a rotation from fake to real assets. — Peter Schiff (@PeterSchiff) November 30, 2025 Bitcoin: ‘Stronger’ than ever? Bitcoin is breaking down again, Schiff posted late Sunday. Over the past 24 hours, the world’s top digital asset has been in the red, down over 6% at last check. Source: CoinGekco Last month, Saylor seemed unfazed but the sudden market downturn and remains confident…