Peter Schiff, an anti-BTC CEO of the Euro Pacific Capital and a fund manager that prefer gold as a better store of value that crypto has mentioned in a tweet that the net worth of Michael Saylor, a Bitcoin Evangelist, has exceeded his own.
Saylor is a Pro-BTC evangelist and the Chief Executive Officer of MicroStrategy, the first public company to add BTC to its balance sheet in August 2020 and keeps at it till now.
However, it is not the only metric that Michael Saylor has passed Schiff recently in net worth.
Michael Saylor: $2 Billion Against $70 Million
Based on the data published on Forbes, as of June 5, 2021, the net worth of the MicroStrategy CEO amount to a whopping $2 billion.
Currently, Saylor is ranked number 4 on the Crypto Rich List of Forbes in 2021 and is the number 1,362 on the general Forbes’ Billionaires List in 2021.
Michael Saylor was already a billionaire back in the late 90s due to the imminent success of MicroStrategy and his stake in the firm. He is one of the renowned executives in the business sector who made a fortune through the internet revolution.
He, however, lost his status as a billionaire later on but was reinstated eventually, thanks to the 17,732 Bitcoins purchase last year in October, spending about $175 million approximately, according to data released on Forbes.
In retrospect, the price of the leading digital asset in the crypto space was worth $10,000 in October 2020 and later rose to $15,000 in November.
Gold Bug the Net Worth of Peter Schiff
For Peter Schiff, several sources online have revealed that his net worth is about $150 million at the beginning of 2021. But has currently dropped to $70 million.
Schiff placed his bet not on BTC but gold. This year the price of XAU per once hit a new all-time high of $1,954 on January 5 but later saw a price decline that took it to $1,678 on the 8th of March, which later dropped to $1,686 on March 30 after a short price increase.
As of the 4th of June, the price of the precious metal per ounce is $1,837.
Though, the CEO of Euro Pacific Capital believes that the huge gap in his net worth and Saylor’s will not last for long. He hinted jokingly that Saylor’s net worth would reduce substantially if the price of BTC should fall continuously.