Famous American entrepreneur Jason Caracanis predicts that strategy co-founder Michael Saylor will “break” the Bitcoin game.
Karakanis accused the charismatic billionaire of hijacking major cryptocurrencies.
Angel investors believe that Saylor is causing significant damage to Bitcoin due to the increased massive purchases and centralization.
“Saylor’s Bitcoin merciless pump, and his high-risk accumulation technology, are undermining the Bitcoin ecosystem and brand,” Caracanis said earlier this month.
Calacanis also predicts that the strategy’s pioneering Bitcoin debt strategy will ultimately fail this year.
Not so impressive Bitcoin purchase
Previously, Saylor announced the latest $10 million Bitcoin purchase of its strategy.
The relatively small total raises some brows within the cryptocurrency community. Adam Cochran, partner at Cinneamhain Ventures, described the latest announcement as “sadly desperate.” He expressed his opinion that Saylor is the “worst thing” that happens to Bitcoin.
Financial commentator Peter Schiff is known for his anti-crypto stance, but he also laughs out loud with his latest Bitcoin purchases. “Is that everything you bought? It looks like you’re running out of firepower,” Schiff said.
Of course, the strategy continues to own nearly 500,000 bitcoins, making it the largest company in major cryptocurrencies and has a huge margin.
