Kitco News, Released on 3/31/21
Frank Giustra, CEO of Fiore Group, has challenged Michael Saylor, CEO of MicroStrategy, to a public debate on gold versus Bitcoin. Giustra told Kitco News that his intent is to help Saylor clarify some of the things he’s said publicly about gold and challenge Saylor’s thesis. “I am not a Bitcoin hater. I just think that [Saylor’s] thesis on gold and Bitcoin needs to be explored and I think I would love the opportunity to explore some of the statements that he’s making on some of these interviews [that he’s done],” Giustra said.
0:00 – Why Giustra is challenging Saylor to a debate
5:46 – Is there a need for this debate?
7:01 – Response to Saylor’s claims
9:08 – Why should Saylor respond?
13:16 – Bitcoin superior to gold?
Frank Giustra is a Canadian business executive, who has been particularly successful in the mining and filmmaking industries, and is a noted philanthropist. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in his early career. He later went on to join Yorkton Securities, where he helped launch a new branch geared towards financing resource companies in Europe. He is now an advisor to major gold miner, Endeavour Mining Corporation. In the late 90’s, he founded Lionsgate Entertainment – the company behind The Hunger Games and Michael Moore’s Fahrenheit 9/11. The company had over $2 billion in revenue in 2013, and owns the rights to the hugely successful Twilight movie franchise and The Expendables series, among other big blockbuster titles.