Canadian billionaire Frank Giustra criticizes Michael Saylor's Bitcoin reserve plan.

GateNews
BTC-0,52%

Golden Financial reports that Canadian billionaire Frank Giustra has harshly criticized Michael Saylor's suggestion of selling gold in exchange for Bitcoin, calling it naive and overly simplistic, posing dangers. Giustra pointed out that emerging economies like China and India have been actively accumulating gold over the past 15 years, which makes gold more resilient than Saylor believes and more supported globally.

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