Frank Giustra has a message for Bitcoiners anticipating the Federal Reserve or different central banks to start out front-running their baggage: “Do not maintain your breath.”
The Canadian billionaire financier and well-known gold proponent took to X (previously Twitter) to pour chilly water on the rising hype surrounding sovereign Bitcoin adoption.
Regardless of the current political buzz, Giustra argues that the very establishments designed to manage cash won’t ever voluntarily cede energy to a decentralized asset.
“Don’t maintain your breath ready for central banks to purchase bitcoin,” Giustra acknowledged. “They merely haven’t any curiosity.”
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The mining magnate has lengthy argued that central banks view it as a risk to their monopoly on financial coverage, not a instrument to be embraced.
A Bitcoin skeptic
The Lionsgate founder has been some of the vocal, high-net-worth critics of the “digital gold” narrative.
He has constantly argued that sovereign nations will at all times select bodily management over digital code.
Giustra has ceaselessly criticized Bitcoin for pivoting to completely different narratives every time handy. In a scathing 2026 editorial, he described Bitcoin as an asset in a “perpetual id disaster.”
The unique cryptocurrency was initially pitched as one thing that you just purchase espresso with. When that narrative failed, its proponents pivoted to “digital gold.”
Giustra’s skepticism was his public conflict with MicroStrategy CEO Michael Saylor in 2021.
He has accused Saylor and different maximalists of being “carnival barkers” who supply reckless monetary recommendation.
As reported by U.At this time, he beforehand slammed Saylor as a Bitcoin charlatan.