Peter Schiff, known for his anti-Bitcoin stance, said that the SEC should have targeted Michael Saylor instead of Kim Kardashian.
The United States Securities and Exchange Commission imposing a penalty of $1.26 million on reality star Kim Kardashian carries an important message about the regulator’s conviction on cracking down on sketchier corners of the cryptocurrency world.
While many in the community acted in disbelief, others felt Kardashian was an easy target and that the SEC should have targeted the creators of EMAX instead. Peter Schiff, on the other hand, had a rather bizarre take on the entire matter. The Schiff Gold Fund CEO and Austrian economist believes Kardashian was unfairly fined, and instead, the watchdogs should have gone for MicroStrategy’s executive chairman and co-founder – Michael Saylor. Schiff even accused him of pumping crypto more than the socialite.Schiff, who happens to be a gold bug, hardly misses dissing Bitcoin and crypto in general. Saylor was quick to“Bitcoin is a commodity, not a security.
that Saylor’s initiative to continue buying more and more bitcoins “makes no sense.” He had further alleged that the MicroStrategy exec purchased the asset only to keep it from crashing instead of doing something positive for shareholders and investors.Peter Schiff always has something to say.
Schiff even accused CNBC of paying “millions for ads by crypto companies, then pumping Bitcoin non-stop while providing industry pumpers with airtime.”that Schiff should be fined for shilling gold.
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