😱😱Bitcoin (BTC) Will Crash When Saylor Stops Buying, Peter Schiff Predicts:😱😱
📢Will Bitcoin Crash 😱😱😱
📢Peter Schiff has slammed Michael Saylor over his aggressive leveraged Bitcoin buying.
🔥Gold bug Peter Schiff recently took aim at Bitcoin evangelist Michael Saylor over his recent announcement of a $500 million bond sale that is meant to boost Bitcoin.
🔥Gold bug Peter Schiff recently took aim at Bitcoin evangelist Michael Saylor over his recent announcement of a $500 million bond sale that is meant to boost Bitcoin.ADVERTISEMENTSchiff predicted that the price of the flagship cryptocurrency could crash if Saylor were to stop propping it up with massive leveraged buying. "Not again.
🔥 I wonder how much lower Bitcoin would be now were it not for all this leveraged buying," the cryptocurrency critic said.The 61-year-old financial commentator further suggested that creditors could "finally force" Saylor to liquidate its Bitcoin holdings.
🔥After initially adopting the flagship cryptocurrency as its treasury reserve asset in August 2020, MicroStrategy went on to announce its first convertible bond offering in December 2020 to specifically buy more Bitcoin. The move spooked some analysts, with Citi rushing to downgrade MicroStrategy's stock.
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