Peter Schiff: Bitcoin Holders Will Soon Regret Not Selling at Current Levels
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On July 15 Peter Schiff renewed criticism of Bitcoin (BTC), saying crypto investors who hold near current prices will regret not selling as he expects another major decline. He also questioned Strategy's decision to sell $450 million in common stock rather than touch its BTC holdings, arguing it shows how boxed-in Michael Saylor's company has become and raising fundraising and price-risk concerns for BTC.
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Peter Schiff renewed his long-running criticism of Bitcoin (BTC) on the July 15 episode of “The Peter Schiff Show,” arguing that investors who hold the asset near its current price will eventually regret not selling, as he expects another major decline.
He also questioned Strategy’s decision to sell $450 million in common stock rather than touch its BTC holdings, saying it shows how boxed Michael Saylor’s company has become.
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