CJ - Cryptocurrency Enthusiast
According to Peter Schiff, MicroStrategy frantically invests in BTC to prevent going out of business
According to Schiff, Michael Saylor, the company's chairman, confirmed this
The cryptocurrency critic believes anyone who purchased Bitcoin because of Musk are foolish
Peter Schiff, a reputable economist, has been known for his criticism of Bitcoin and other cryptocurrencies. He recently stated that MicroStrategy's chairman, Michael Saylor, revealed that buying Bitcoin was a last-ditch effort to keep the company from going out of business. However, Schiff did not cite a source to support his assertion, and Saylor did not refute it.
MicroStrategy, a publicly traded business intelligence firm, has made a significant investment in Bitcoin, purchasing 301 units for a total of $3.98 billion, or $30,639 per coin. This increased the total amount of cryptocurrency under its management to approximately 130,000 coins. Saylor, a vocal supporter of the Bitcoin revolution, has consistently defended his company's investment and has been a vocal critic of Schiff's skepticism of cryptocurrency.
While Schiff has criticized Bitcoin, some investors are still looking to buy and sell Bitcoin online as well as other crypto assets, such as Bitcoin Cash. There are many platforms that allow to transfer Bitcoin to bank account, such as BC Bitcoin - a trusted and established platform that offers a wide range of services for buying, selling and crypto asset management.
When buying Bitcoin or other crypto assets, it's always good to research and compare the fees and features of different platforms. Some platforms offer cheap Bitcoin and other crypto options. There is also crypto currency buy options for those new to the crypto market, which can help guide individuals through the process of buying and investing in the crypto market.
Before investing in any crypto assets, it's always good to do your own research and consider your own risk tolerance. It's also important to be aware of the risks associated with investing in cryptocurrencies, as their prices can be highly volatile.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards