From Yahoo Finance: 2025-04-06 17:44:00

Bitcoin skeptic Peter Schiff took another shot at Michael Saylor as Bitcoin fell below $80,000 amid market panic from Trump’s new tariffs. Schiff urged Saylor to buy more BTC to prevent further losses, as Bitcoin had its worst first quarter in a decade, dropping 11.7%. BTC was trading at $79,322.74, down 4.6%.

Michael Saylor’s MicroStrategy recently purchased 22,048 BTC for $1.92 billion, averaging $86,969 per coin, raising their total holdings to 528,185 BTC at an average cost of $67,458, now valued at $35.63 billion. Bitcoin’s decline follows market chaos triggered by Trump’s “Liberation Day” tariffs, causing global trade tension and market turmoil.

The tariff announcement led to a $5.4 trillion wipeout in U.S. equities in two days. Schiff questioned Bitcoin’s safe haven narrative, highlighting its volatility during market selloffs. As Bitcoin struggles, concerns grow over its value as an investment asset in turbulent markets.



Read more at Yahoo Finance: Peter Schiff has blunt message for Saylor as Bitcoin crashes below $80K