Peter Schiff: Bitcoiners Are In Denial About Strategy’s BTC Sale
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On his podcast Peter Schiff argued that BTC holders are overlooking the implications of Strategy’s decision to sell part of its Bitcoin stack, saying the company built by Michael Saylor had provided the de facto price floor. He cautioned that removal of this institutional support raises crypto market risk and could put downward pressure on BTC price and adoption by weakening the perceived institutional floor.
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Peter Schiff used his podcast this week to argue that BTC holders are ignoring what Strategy’s decision to sell some of its stack means for the asset.
According to him, the company built by Michael Saylor was the real floor under Bitcoin’s price, and that floor is now gone.
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In This News
Coins
$ 64.32K
+0.55%$ 0.00187
+3.63%Predictions Markets
See what traders are focused on
Share:
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