Peter Shif, a critic of bitcoin, has admitted what he has described as “the first case of real use” for bitcoin. Known to support gold on digital assets, Peter Shif has repeatedly stated that bitcoin has no utility.
However, in a recent post on X, he pointed to the Investment Manager Jim Chanos as an example, where Bitcoin could play a practical role.
Peter Shif Critics Michael Sayler Bitcoin Buying Strategy
According to an X post, bitcoin critic Peter Shif Comment That bitcoin may be an use at the end – although a bitcoin does not promote advocates. He referred to investor Jim Chanos, who recently revealed that he bought bitcoins to hedge against his small position in Micostrate Stock (MSTR).
The strategy led by Executive Chairman Michael Sorre has continued to increase its bitcoin holdings. The company now owns around 570,000 BTC. This has inspired some market watches to be seen as a proxy for bitcoin with corporate risk added to MSTR. Shif made fun of this strategy, stating that Celller accidentally made a case of real use for bitcoin, “where investors use BTC using BTC, who to protect themselves from the risks tied to their firm of Sayler.
Investment Manager Chanos is known to shorten the shares of companies he consider overwelled or structurally weak. Like Peter Chif, he allegedly sees MSTR as overlaverage due to his bitcoin strategy. With the owner of bitcoin while shortening the MSTR, Chanos aims to limit its losses in terms of increase in bitcoin prices.
Chanos bets against microstrati valuation
In an X post, Chanos explained that investors are paying too much for each dollar bitcoin exposure through strategy. According to his statement, MStr Stock Trade at a premium that exceeds the actual value of its bitcoin holdings. he argued,
“Investors are paying $ 3 of stock price to get $ 1 of bitcoin exposure.”
Chanos’s hedge strategy implies that while MSTR’s stock can fall due to overvival, the bitcoin that it keeps can cushion the grains.
The strategy for borrowing funds to buy bitcoin has also faced criticism. Company Recently 13,390 BTC added For about $ 1.34 billion. Bitcoin’s critic Peter Shif echoed the concerns, saying that large BTC price drops can turn the paper profits into real financial stress for strategy.
Shif argued that the strategy is no longer as a software company but is working as a bitcoin-holding unit. He questioned the logic behind the purchase of shares of a company, whose main commercial activity is acquiring bitcoin, rather than directly in bitcoin or in companies with real operating revenue. He said,
“If you want to buy bitcoin, buy bitcoin. If you want to invest in the stock market, buy a company with a real business.”
Despite this backlash, Pro-XRP lawyer John Datton praised Michael Surer, comparing his long-term bitcoin strategy with Berkshire Hathaway from Warren Buffett’s investment point of view. He said that the target of Selller may aim to control up to 5% of the total bitcoin supply in circulation despite fake.
Microstrate (MSTR) Stock Display
Microstrategy (MSTR) stock has obtained about 40% in 2025, which reflects the trend upwards of bitcoin. However, Peter Shif argues that this growth is more tied to bitcoin value movement than the company’s main occupation performance. This has caused concern about stability if bitcoin enters a improvement phase.
However, recently buys by firms like Metaplanet and like Tether-supported company Twenty-one shares have promoted optimism for bitcoin value to break the resistance of a new all-time high.
The comprehensive bitcoin market is currently in the price consolidation range between $ 100,678 and $ 105,700. Analysts have estimated a possible breakout if the BTC price is above the major levels. Glasanode data suggests that the cap of bitcoin has increased by $ 30 billion since April 20, suggesting that the new capital is entering the market which is a precursor for a rapid breakout.
Calvin Munene Murithi
Kelvin is a prestigious writer with specialization in Crypto and Finance, who holds a bachelor’s degree in Aquarius Science. Known for its obvious analysis and practical materials, they have a strong command of English and excellently in doing completely research and providing a cryptocurrency market updates on time.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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