Rate Of Returnbitcoin
Peter Schiff Predicts Bitcoin Headed To $50,000, Says Strategy Stock Could Tank 50%: 'Hard To Find A Chart That Looks Worse...'
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%.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
