Bitcoin’s Bewildering Bet: A Billionaire’s Bold Blast

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Mr. Frank Giustra, a Canadian billionaire of considerable wealth, has most vehemently denounced Mr. Saylor as a “Bitcoin charlatan,” a term of no small derision. 🤡

This is the most blistering critique of Saylor that comes from Giustra after the two took part in a viral altercation back in 2021. A spectacle as entertaining as a country ball, though far less graceful. 💃

“Reckless” piece of advice

In a brief video disseminated by the “Documenting Saylor” X account, Mr. Saylor drew parallels between investing in a singular token and donning a single pair of spectacles or employing a solitary knife. A most peculiar analogy, one might say, akin to asserting that all men must wear the same hat, lest they be deemed eccentric. 🧢

“The point is that you should put on one pair of glasses, you have one pair of Airpods right now, you are looking at me through one screen…Ultimately, if you are a rational individual, when you use knives, do you have copper knives, wooden knives, steel knives, aluminum knives, rubber band knives, because you are afraid to commit to the right knife?” Saylor said. A logic as sound as a teacup’s handle-fragile and prone to shattering. 🍵

Saylor is, of course, known as one of the most vocal Bitcoin maximalists, whose company owns a whopping 640,000 BTC. He has repeatedly rejected the idea of buying alternative cryptocurrencies or other assets. One might imagine his vaults brimming with digital gold, yet his advice remains as rigid as a corset. 💸

However, the gold mining tycoon has criticized Saylor’s anti-diversification advice as “reckless,” a term that, in this context, carries a weight akin to a well-timed slap. 🤬

“Going nowhere”

Earlier today, Giustra also slammed Bitcoin influencer Adam Livingston, who argued that gold had zero advantages over the leading cryptocurrency. A claim as audacious as suggesting that tea is superior to coffee, despite the latter’s proven merits. ☕

In response, the Canadian billionaire pointed to gold’s outperformance against Bitcoin. “Seems the gold price is in disagreement with your theory,” he said, adding that “Bitcoin is going nowhere.” A pronouncement as certain as the sunrise, though perhaps a tad premature. 🌅

The leading cryptocurrency is down roughly 30% against the traditional store of value this year. A decline that would make even the most stoic investor raise an eyebrow. 📉

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2025-10-23 18:00