According to foreign sources, Canadian investor Frank Giustra once again publicly criticized Bitcoin extremes and pointed the gun at Chairman Strategy Michael Saylor and SkyBridge Capital founder Anthony Scaramucci. This debate is not focused on technology per se, but on whether the long-term narrative of Bitcoin has been pushed too high.
Use Mark Twain for warning
Giustra quoted Mark Twain as saying that those who are in front of the team should also look back to see if there are any followers. In his view, it pointed to blind follow-up and echo-room effects.
On this basis, he criticized the aggressive approach of Saylor in adding bitcoin to the company ' s balance sheet, arguing that the route was no longer realistic. The supportive attitude of Scaramucci was also questioned by Giustra, who argued that if the same narrative continued, it could eventually be isolated.
Criticism of bitcoin narratives over-reliance on speculation.
Giustra used to call Saylor "one of the worst things in bitcoin." On this occasion, he again stressed that the long-standing use of changing narratives by Bitcoin extremes to drive market sentiment had hurt the asset itself.
According to him, the market had long been full of high-price projections, magnifying greed and fear of loss, but had failed to deliver. He also ironically claimed that the evidence of the rise of bitcoin to $200,000 was even less than that of the existence of aliens.
Stable currency is considered more realistic.
While denying the usefulness of bitcoin, Giustra gave a different assessment of some of the digital assets. According to the article, he believed that the stabilization currency had a clear purpose and that the value of bitcoin in the actual payment and use scene was not prominent.
This statement perpetuates his consistent position against the packaging of bitcoin as an almost incompetent asset, while recognizing the practical role of some encrypted products in payment and settlement. The statements reflect once again the continuing disagreement within the encrypted market over the location of bitcoin.