Odaily News Economists and crypto asset critic Peter Schiff criticized Michael Saylor on X for insufficient buying power, stating that Bitcoin has fallen 6% from last week's average buying price, and more buying is needed to support the price. Previously, Michael Saylor stated on X that MicroStrategy purchased 397 BTC for approximately $45.6 million, at an average price of about $114,771 per coin. As of November 2, the company has accumulated a total of 641,205 BTC, with a total cost of approximately $4.749 billion, an average cost of $74,057 per coin, and a 26.1% return on BTC by 2025.
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Peter Schiff replies to Michael Saylor: Insufficient buying power
Odaily News Economists and crypto asset critic Peter Schiff criticized Michael Saylor on X for insufficient buying power, stating that Bitcoin has fallen 6% from last week's average buying price, and more buying is needed to support the price. Previously, Michael Saylor stated on X that MicroStrategy purchased 397 BTC for approximately $45.6 million, at an average price of about $114,771 per coin. As of November 2, the company has accumulated a total of 641,205 BTC, with a total cost of approximately $4.749 billion, an average cost of $74,057 per coin, and a 26.1% return on BTC by 2025.