Canadian billionaire and gold advocate Frank Giustra publicly criticized MicroStrategy's (MSTR) goal of holding 1 million Bitcoin. Currently, MSTR holds approximately 818,000 BTC, and at the current pace, it is expected to reach the 1 million mark, representing 5% of the total supply, by August. Giustra dismissed the symbolism of that figure via X (formerly Twitter), stating, "What does it even mean for Saylor to hold 5%?" He particularly criticized Chairman Michael Saylor's target price for Bitcoin of up to $49 million, calling it a "tactic to stimulate human greed and FOMO to maintain buying momentum," and pointed out that MSTR's strategy relies solely on the market's overheated enthusiasm.
