
Peter Schiff Predicts Bitcoin Headed To $50,000, Says Strategy Stock Could Tank 50%: 'Hard To Find A Chart That Looks Worse...'

I'm PortAI, I can summarize articles.
Economist Peter Schiff predicts Strategy Inc. (MSTR) shares will drop to $80 from $160, and sets a $50,000 downside target for Bitcoin. Schiff criticizes Strategy's Bitcoin investment strategy, noting its market value is lower than its BTC holdings. Despite challenges, Strategy continues to purchase Bitcoin, recently acquiring 10,645 BTC. Schiff's bearish outlook suggests MSTR's decline is tied to Bitcoin's performance. Currently, BTC trades at $86,205.44, while MSTR shares closed at $160.38, down 4.25%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

