Frank Giustra has a message for Bitcoiners expecting the Federal Reserve or other central banks to start front-running their bags: “Don’t hold your breath.”
The Canadian billionaire financier and well-known gold proponent took to X (formerly Twitter) to pour cold water on the growing hype surrounding sovereign Bitcoin adoption
Despite the recent political buzz, Giustra argues that the very institutions designed to control money will never voluntarily cede power to a decentralized asset.
“Don’t hold your breath waiting for central banks to buy bitcoin,” Giustra stated. “They simply have no interest.”
The mining magnate has long argued that central banks view it as a threat to their monopoly on monetary policy, not a tool to be embraced.
A Bitcoin skeptic
The Lionsgate founder has been one of the most vocal, high-net-worth critics of the “digital gold” narrative.
He has consistently argued that sovereign nations will always choose physical control over digital code.
Giustra has frequently criticized Bitcoin for pivoting to different narratives whenever convenient. In a scathing 2026 editorial, he described Bitcoin as an asset in a “perpetual identity crisis.”
The original cryptocurrency was initially pitched as something that you buy coffee with. When that narrative failed, its proponents pivoted to “digital gold.”
Giustra’s skepticism was his public clash with MicroStrategy CEO Michael Saylor in 2021
He has accused Saylor and other maximalists of being “carnival barkers” who offer reckless financial advice
As reported by U.Today, he previously slammed Saylor as a Bitcoin charlatan
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saylor responds to Schiff: Bitcoin has been the best performer since August 2020—time horizon matters
Peter Schiff said that Bitcoin has risen only 12% over the past five years and has underperformed the Nasdaq, the S&P 500, gold, and silver; Michael Saylor then responded that Bitcoin has been the best mainstream asset since August 2020, emphasizing the importance of the time frame.
GateNews1h ago
Bitcoin Correction Shows Market Maturity Amid Rising Institutional Demand
Bitcoin’s 50% drop shows reduced volatility and signs of market maturity.
ETF inflows and growing participation stabilize prices and improve liquidity.
Even small Bitcoin allocations can enhance returns while balancing risk exposure.
Bitcoin — BTC, has handled the recent correction
CryptoNewsLand2h ago
Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle
Rich Dad Poor Dad author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks.
In a Saturday post on X, Kiyosaki pointed to 1974 as a
Cointelegraph2h ago
Michael Saylor again publishes Bitcoin Tracker information
Gate News message, April 5, MicroStrategy founder Michael Saylor once again posted a Bitcoin Tracker update. Based on historical data, Strategy disclosed information about increasing its Bitcoin holdings the day after the relevant message was released.
According to CoinGecko data, as of April 5, MicroStrategy holds 528,185 BTC.
GateNews2h ago
