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Peter Schiff: MSTR Holdings Near 5% Target, But BTC Price May Drop Below $60,000
On April 27, gold bull and well-known Bitcoin skeptic Peter Schiff pointed out that Saylor had predicted that if MicroStrategy ($MSTR) accumulates 5% of the Bitcoin supply, BTC would reach $1 million per coin. However, MSTR currently holds 3.9%, and if it continues to purchase the remaining approximately 231,700 BTC, the marginal impact on the price will be the same as before, which could result in BTC prices dropping below $60,000, contrary to Saylor’s prediction.