Healthcare firm Semler Scientific (NASDAQ: SMLR) recently announced the purchase of $40 million worth of Bitcoin as part of its treasury strategy. This move propelled Semler's stock price to surge by more than 25%, closing Tuesday's trading session at $29.00, with an additional 10% increase in the aftermarket hours.

Peter Schiff's Sarcastic Response

Renowned economist and Bitcoin critic Peter Schiff took a dig at companies seeking to increase their exposure to Bitcoin. Schiff posed a provocative scenario on social media, suggesting that if all publicly traded U.S. companies sold their assets, ceased operations, and used the proceeds to buy Bitcoin, the value of each Bitcoin could skyrocket to millions. Schiff argued that this move would cause the market capitalization of U.S. stocks to soar, theoretically making everyone wealthy.

Schiff's Confidence in Traditional Investments

One of Schiff's followers, Pierre, responded by saying, "We will be rich. But only you won't," considering Schiff's anti-Bitcoin stance over the years. Schiff, however, expressed confidence in his significant investments in U.S. oil stocks, stating that these stocks would surge in value if the companies liquidated their operations to invest in Bitcoin, and that he would be rich too.

The Rise of Bitcoin-Exposed Companies

Schiff's comments come at a time when companies like MicroStrategy, the world's largest corporate holder of Bitcoin, have given multi-fold returns since the beginning of 2023, consistently outperforming Bitcoin's returns. This suggests that Wall Street investors seem to be more interested in companies with exposure to Bitcoin.

Semler's Counterpart in Japan

In addition to Semler Scientific, Japan's public-listed firm Metaplanet also announced increasing its Bitcoin exposure on Tuesday. The company announced a board resolution to purchase ¥250 million worth of Bitcoin as part of its recent strategic plan.

Schiff's Preference for Gold and Silver

Peter Schiff, who prefers commodities, has doubled down on his stance on Gold and Silver. He expects a parabolic rally in both the metal commodities in the coming days, noting that the iShares Silver Trust ETF (SLV) recently achieved its highest close since January 2013, while gold has seen a 40% increase in price.

The debate surrounding Bitcoin's adoption and the performance of Bitcoin-exposed companies continues, with Peter Schiff maintaining his skepticism and advocating for traditional investments in commodities like gold and silver.