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Economist Peter Schiff recently commented that the Bitcoin purchase strategy of a certain leading company, while sounding cutting-edge, actually harms shareholder interests. This company's stock price has fallen by as much as 47.5% this year — if it were included in the S&P 500 index, this decline would be enough to rank among the worst six performers in the index.
According to the company's management earlier statements, buying Bitcoin is the optimal choice for the company. But Schiff's view is quite different. He believes that this aggressive crypto asset allocation strategy has not delivered the expected returns for investors in the current market environment. From the stock performance perspective, the market seems to be speaking with data — the sharp decline in stock price reflects investors' doubts about this strategy. Behind this controversy is the collision of traditional finance and crypto asset allocation philosophies.