Peter Schiff: "Recent BTC Bull Run, MSTR is the Main Buyer"

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CoinNess
a day ago
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Peter Schiff, CEO of Euro Pacific Capital, who is known as a Bitcoin skeptic and a gold bull, said through his X (former Twitter) that "the recent rise in Bitcoin is likely due to MicroStrategy (Nasdaq ticker: MSTR), which announced that it would issue $300 million in convertible bonds to buy BTC, being a major buyer driving up the price." He added, "When there are fewer investors willing to borrow money to buy the expensive stock, the game (buying pressure) will be over." He also emphasized that "if President-elect Donald Trump forms a cryptocurrency advisory committee, it should not include cryptocurrency industry insiders with extremely biased views. Instead, it should be composed of experts who can provide objective opinions as they do not hold BTC."

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