Schiff Predicts Bitcoin Crash Threatening Strategy’s Massive Holdings

Financial expert and long-time critic of Bitcoin, Peter Schiff, warns of a steep decline in the cryptocurrency’s price, potentially erasing Strategy’s substantial gains. This prediction comes as Bitcoin’s value fluctuates and its market premium shrinks, raising investor concerns about the future of Bitcoin investment. Strategy, with over 640,000 Bitcoin held by the firm, is facing potential losses if prices fall below their average cost basis. Schiff believes this price drop would expose the fragility of Strategy’s paper profits.