Distinguished American entrepreneur Jason Calacanis has predicted that Technique co-founder Michael Saylor will “break” the Bitcoin recreation.
Calacanis has accused the charismatic billionaire of hijacking the main cryptocurrency.
The angel investor believes that Saylor is inflicting vital harm to Bitcoin on account of his large shopping for and growing centralization.
“Saylor’s relentless pumping of bitcoin, and his high-risk accumulation methods, are damaging the bitcoin ecosystem and model,” Calacanis stated earlier this month.
Calacanis has additionally predicted that Technique’s trailblazing debt-for-bitcoin technique will ultimately fail this yr.
A not-so-impressive Bitcoin buy
Earlier, Saylor introduced Technique’s most up-to-date $10 million Bitcoin buy.
The comparatively tiny sum has raised some eyebrows throughout the cryptocurrency neighborhood. Adam Cochran, a accomplice at Cinneamhain Ventures, described the latest announcement as “painfully determined.” He has opined that Saylor is “the worst factor” to occur to Bitcoin.
Monetary commentator Peter Schiff, who is understood for his anti-crypto stance, has additionally mocked the latest Bitcoin buy. “Is that each one you got? Looks as if you might be operating out of firepower,” Schiff quipped.
In fact, Technique continues to personal near 500,000 Bitcoins, which makes it the biggest company of the main cryptocurrency by an infinite margin.