Peter Schiff predicts Bitcoin and MicroStrategy crash due to unsustainable strategy

From Investing.com
January 8, 2025 2:00:25 pm:

Peter Schiff, well-known BTC critic, warns against U.S. government buying Bitcoin, predicting market panic if government decides not to invest. Schiff suggests investors will sell off holdings, flooding market and causing price decline. Schiff believes MicroStrategy may increase leveraged position to prevent crash, but warns of unsustainable strategy leading to massive crash.

Schiff criticizes Bitcoin bubble, warns of impending crash. Predicts MicroStrategy stock (MSTR) crash due to heavy reliance on Bitcoin. BTC price currently at $95,715, down 5.55% in last 24 hours after hitting high of $101,455.86. Schiff believes bubble will burst soon, leading to market volatility and price decline.

Read more at Investing.com: Peter Schiff Predicts MSTR, Bitcoin Crash Ahead: Details By U.Today