Peter Schiff Warns Strategy Shareholders to Exercise Caution Regarding Bitcoin Investment

Renowned economist Peter Schiff issued a warning to investors in the strategy-focused firm, Strategy, regarding their significant Bitcoin holdings. On June 15, 2024, Schiff cautioned against their continued investment in cryptocurrency on Twitter, highlighting potential downside risks despite their decision to double their Bitcoin investments. This comes as Schiff expresses concern over Strategy’s high-risk approach, urging shareholders to reassess their positions before a market downturn.