Peter Schiff: MSTR holdings approaching 5% target, but BTC price may drop back below $60k

Mars Finance News, the gold bulls and well-known Bitcoin skeptic Peter Schiff pointed out that Saylor once predicted that if Strategy ($MSTR) accumulates 5% of the Bitcoin supply, BTC would reach $1 million per coin. However, MSTR currently holds 3.9%, and if they continue to purchase the remaining approximately 231.7k BTC with the same marginal impact on the price as before, the BTC price could then fall below $60k, contrary to Saylor’s predicted direction.

BTC-1.79%
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