Peter Schiff Predicts MSTR Crash, How Will It Affect Bitcoin?

Quick Summary:

Gold proponent and renowned economist Peter Schiff has predicted that MicroStartegy’s MSTR stock could eventually crash.

Such a development would be significant for Bitcoin, considering how much stake the software company and its co-founder, Michael Saylor, have in the BTC ecosystem.

According to the Gold advocate, a “real bloodbath” will occur when MSTR finally crashes.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: MSTR Peter Schiff Bitcoin 24/7 Cryptocurrency News Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 15:14:24 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23203470

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