Hedge fund manager compares MicroStrategy's Saylor to 'conman' Bankman-Fried

Core Viewpoint - MicroStrategy, led by Michael Saylor, continues to aggressively acquire Bitcoin despite market challenges and potential exclusion from the MSCI index, positioning itself as the largest corporate holder of Bitcoin globally [1][2][3]. Company Actions - MicroStrategy purchased an additional 10,624 BTC last week, increasing its total holdings to 660,624 BTC [2][3]. - The company has publicly criticized MSCI's proposal to exclude firms with over 50% digital assets, labeling it as "misguided" and "discriminatory" [3]. Industry Perspective - Saylor emphasizes Bitcoin as a foundational element of a new digital capital era, noting a shift in perception among major U.S. banks towards embracing Bitcoin [5]. - He argues that Bitcoin could evolve into a yield-generating credit vehicle, similar to gold's historical role in credit systems [6]. Criticism and Controversy - Notable figures, such as economist Peter Schiff, have criticized Saylor, calling him a "bigger conman" than Sam Bankman-Fried, reflecting skepticism about Saylor's vision for Bitcoin [7][8].