Biggest Crypto Skeptic Slams Bitcoin and Ethereum Companies

Key Points

1. Peter Schiff, a prominent crypto skeptic, harshly criticizes Bitcoin-buying firms, calling them 'fools among fools' and warning about their strategies.

2. Over 100 public companies now hold Bitcoin, collectively owning about 852,467 coins, with BlackRock and Michael Saylor's strategy accounting for nearly 1.3 million Bitcoin (6% of total supply).

3. International companies are actively investing in cryptocurrencies, including Japan's Remixpoint ($215M for Bitcoin), Germany's Nakiki SE (adopting Bitcoin standard), and China's Nano Labs ($50M BNB purchase).

4. Recent crypto investments include DeFi Development Corp (690,420 SOL), SharpLink Gaming (7,689 ETH), GameSquare (1,818 ETH + $100M Ethereum plan), and BIT Mining ($300M Solana fundraising).

5. Despite Schiff's warnings, companies continue to test the 'crypto treasury waters', indicating sustained institutional interest in cryptocurrencies.