Recently, Semler Scientific, a healthcare company, made headlines by purchasing $40 million worth of Bitcoins. This move caused their stock, SMLR, to rise sharply by more than 25% during Tuesday's trading, closing at $29.0. The stock continued to climb another 10% in after-hours trading.

Renowned economist and Bitcoin skeptic Peter Schiff took to social media to criticize companies like Semler for investing in Bitcoin. He posed a hypothetical scenario where all publicly traded U.S. companies sold off their assets to buy Bitcoin, suggesting this could artificially inflate Bitcoin's value to extreme highs. Schiff argued that while this might make Bitcoin holders rich, it would not benefit him due to his stance against Bitcoin.

Schiff, known for his investments in U.S. oil stocks, expressed confidence that these stocks would perform well if companies opted to invest in Bitcoin instead of their core operations. He emphasized his belief in commodities like gold and silver, predicting a significant rise in their prices soon.

In addition to Semler Scientific, Japan's Metaplanet also announced plans to increase its Bitcoin holdings by ¥250 million. This trend reflects a growing interest among investors in companies that hold Bitcoin as part of their strategic plans.

Overall, while Bitcoin continues to gain traction among corporate treasuries, Schiff remains skeptical, preferring investments in traditional commodities like gold and silver. He believes these assets have strong potential for growth in the near future, contrasting with the volatile nature of cryptocurrencies like Bitcoin.