# Criticism Related Articles

Peter Schiff slams Saylor’s Bitcoin bet: ‘$10K over market price’

Michael Saylor's company, MicroStrategy, purchased an additional 1,142 Bitcoin for $90 million in February 2026, at an average price of $78,815 per coin, raising its total holdings to 714,644 BTC. This move occurred amid a significant market downturn, with Bitcoin's price falling to around $69,000. Saylor views the price drop as a long-term buying opportunity. However, prominent Bitcoin critic Peter Schiff strongly criticized the purchase, noting the company paid nearly $10,000 above the market price, increasing its average cost and overall risk. He warned that MicroStrategy's heavy reliance on Bitcoin is risky and could lead to bankruptcy. Despite a short-term stock price increase, the company's shares have fallen over 260% in six months, highlighting the ongoing tension between long-term institutional strategy and short-term market pressures.

ambcryptoYesterday 16:02

Kyle Criticizes Hyperliquid Four Days After Leaving, Arthur Hayes Responds with a $100,000 Bet

In the midst of a market downturn, Hyperliquid ($HYPE) has nearly doubled in value since January, drawing both praise and criticism. Kyle Samani, the recently departed co-founder of Multicoin Capital, publicly criticized the project, calling it representative of crypto's classic problems: founders "fleeing their home country," facilitating crime, being closed-source, and permissioned. Arthur Hayes, BitMEX co-founder, responded not by addressing the criticisms but by proposing a $100,000 bet: that HYPE would outperform any large-cap crypto of Kyle’s choosing from February 10th to July 31st. Kyle did not accept the wager, aligning with his earlier, since-deleted tweet expressing that crypto is "not as interesting as many thought." The article dissects Kyle's critiques, noting that Hyperliquid's operational structure (offshore entity, U.S. user ban) is standard industry practice. It suggests his harsh tone may stem from a personal desire to distance himself from the industry post-departure, contrasting with his former firm, Multicoin, which was revealed to have built a significant $46 million position in HYPE around the time of his exit. The exchange highlights a classic crypto divide: those who have left the "table" often critique from an ethical standpoint ("should"), while those still invested argue primarily with price action ("will it pump"). The discussion quickly devolved into personal attacks about wealth and portfolio performance, underscoring how deeply entrenched financial interests are in shaping narratives within the space.

marsbit2 days ago 04:53

Michael Saylor Under Fire After Claiming Bitcoin Will Surge To $10M Tomorrow If ‘People Agreed With Him’

Michael Saylor, executive chairman of MicroStrategy, faces criticism after claiming Bitcoin could surge to $10 million "tomorrow" if people agreed with his views. His comments, made in a recent video, sparked online backlash as his company's massive Bitcoin holdings have slid into over $3.7 billion in unrealized losses amid the cryptocurrency's price decline. MicroStrategy recently purchased an additional 855 Bitcoins, bringing its total holdings to 713,502 coins acquired at an average cost of $76,052 each. The company's stock has also fallen significantly from its peak. Questions arise over whether Saylor or MicroStrategy might be forced to sell Bitcoin, though the company maintains it would only consider selling if its net asset value fell below 1x, which it currently remains above at 1.14.

ccn.com02/05 12:08

Is Michael Saylor Behind Bitcoin Price Decline? Critics Blame Slowing Strategy Purchases As Saylor Refuses To Back Down

Michael Saylor, CEO of MicroStrategy, has reiterated his refusal to sell Bitcoin despite the company's massive holdings falling below their average purchase price of approximately $76,037. This has drawn criticism from market commentators who argue the firm's ability to support Bitcoin's price is waning. Critics like Peter Schiff claim MicroStrategy's aggressive, debt-fueled buying was a key driver of Bitcoin's previous surge and that its reduced purchasing power is now contributing to the decline. Saylor remains defiant, posting his "Rules of Bitcoin: 1. Buy Bitcoin. 2. Don’t Sell the Bitcoin." He has previously stated that corporate investment is essential for Bitcoin to scale into a multi-trillion-dollar asset class and has predicted the cryptocurrency could reach $1 million if his company acquires a larger share of the network.

ccn.com02/04 13:43

OKX CEO Star Xu Warns October 2025 Crash Did ‘Lasting Damage’ — Criticism Appears Aimed at Binance

OKX CEO Star Xu has publicly criticized Binance, blaming it for causing "real and lasting damage" during the October 10, 2025 flash crash. Xu accused Binance of prioritizing short-term profits over market health, using aggressive narrative control, and promoting low-quality tokens. The crash, triggered by a market-wide sell-off, led to up to $30 billion in liquidations, exacerbated by Binance's pricing issues and collateral depegging. While Binance defended its actions and offered compensation, the event has intensified rivalry between major exchanges and raised concerns about transparency and risk management in centralized trading platforms.

ccn.com01/29 11:52

More Than One Person Has Wasted Three Years on Base

A developer known as tuna, co-founder of Pandemic Labs, publicly criticized Base, the Ethereum L2 network backed by Coinbase, for failing to support builders despite initial promises. After nearly three years of developing 10 different products—including games, AI agents, and prediction markets—on Base, tuna received no meaningful support, even after creating the hit game *Infected*, which gained 50,000 users. In contrast, within 48 hours of launching a game on Solana, *Addicted*, it generated $4 million in revenue. Tuna expressed frustration that Base appears to prioritize certain projects like Farcaster and Zora while ignoring independent developers. Other builders, such as Shivam Tandon of zkCross Network and Jacek from the DEGEN project, shared similar experiences, citing ignored outreach and a lack of engagement from Base and its lead, Jesse. Despite bringing significant traffic and value, these teams felt overlooked, with DEGEN even choosing to expand to Solana, where they received immediate support and recognition. Critics argue that Base operates with a top-down, “narrative-driven” approach aligned with Coinbase’s interests, rather than fostering an open, community-oriented ecosystem like Solana. While Base’s 2026 roadmap focuses on asset tokenization and the Base App, many developers question whether it truly intends to serve the broader community or mainly functions as an extension of Coinbase.

比推01/14 13:39

Cardano Founder: Trump's Policy Alienated Half the Country from Cryptocurrencies

RBK-crypto01/13 11:13

Zcash Mass Resignation Highlights Bitcoin’s Importance, Says Samson Mow — Here’s Why

Samson Mow, a prominent Bitcoin advocate and critic of Zcash, commented on the mass resignation of Zcash's core development team, calling it a cautionary tale for investors. The entire team from the Electric Coin Company (ECC) resigned on January 7 due to what CEO Josh Swihart described as "constructive discharge" and "malicious governance" by the board, making it impossible for them to continue their work. Despite the upheaval, Swihart stated the developers plan to continue advancing Zcash's technology under a new organization, and the network remains operational. Mow criticized the event, highlighting Bitcoin's reliability as "insurance against shitcoin dev teams quitting all at once." He has previously advised investors seeking privacy to use Bitcoin with Lightning Network instead of Zcash. The former ECC team is already working on a new Zcash wallet using the existing Zashi codebase, reaffirming their commitment to Zcash development without launching a new coin. Mow remains bullish on Bitcoin, predicting it could reach $1 million by 2031 or sooner.

ccn.com01/09 13:07

Economist Blasts Strategy’s Bitcoin Bet, Despite $8 Billion Profits, Here’s Why

Economist Peter Schiff criticizes MicroStrategy's Bitcoin investment strategy despite the company reporting $8 billion in unrealized profits. Following MicroStrategy's latest $100 million Bitcoin purchase, Schiff argued that the company’s 16% total profit over five years—averaging just 3% annually—is underperforming compared to other assets like gold and silver. He contends that the firm would have achieved better returns with almost any alternative investment. MicroStrategy remains the largest corporate holder with 672,497 BTC, acquired at an average price of $74,997 per Bitcoin. Despite significant paper gains, Schiff views the returns as subpar given the scale and duration of the investment.

bitcoinist12/30 13:44

Moments of Candor from Charlie Munger: From Bitcoin to Jack Ma and Elon Musk, He Was 'Not Impressed'

Charlie Munger, the renowned investor, expressed strong criticisms of Bitcoin and Elon Musk while reflecting on his investment missteps with Alibaba. He described Bitcoin as "stupid, evil, and disgusting," arguing it undermines national currency systems and has no intrinsic value, likely to eventually become worthless. He praised China’s ban on cryptocurrency and compared trading Bitcoin to trading "turds" or "baby brains." Regarding Elon Musk, Munger acknowledged his genius but warned against his overconfidence, stating he would neither invest in nor short Tesla stock. On Alibaba, Munger admitted it was one of his biggest mistakes, criticizing both the company's retail nature and founder Jack Ma’s arrogance toward Chinese regulators. Munger emphasized the importance of independent thinking and learning from errors.

比推12/12 05:56