Peter Schiff, known for his criticism of Bitcoin, has warned of the possibility of a collapse in the price of Bitcoin. He says that the strategy of Michael Saylor, the director of MicroStrategy, who buys Bitcoin through loans, could cause major problems.
▪️If people understand that the US government will not support Bitcoin, they will start selling, which increases the pressure and lowers the price even more.
▫️Bitcoin fell 7% in a day and became less than $ 95,000, and MicroStrategy shares fell 10%.
‼️ Schiff's analysis: He believes that Saylor may be forced to sell Bitcoin at a loss if the price falls further, which will make the situation worse.
What do you think? Is it possible for MicroStrategy to sell and the situation will get worse!!?🤔
