Peter Schiff Unveils Best Time to Buy Bitcoin – It’s About MicroStrategy

Vocal Bitcoin critic Peter Schiff has tweeted about when it is the best time to act, “if you really want to buy Bitcoin”.

This recommendation is to do with MicroStrategy that yesterday announced another massive Bitcoin purchase after spending almost $500 million to add more of the flagship crypto to its balance sheet.

“Wait until MicroStrategy sells its last Satoshi”
CEO of Euro Pacific Capital and a gold hedge fund, Schiff posted a sarcastic tweet, commenting on yesterday’s massive Bitcoin purchase made by Michael Saylor’s company.

Schiff tweeted that those who really want to buy some BTC should wait for MicroStrategy to sell its last Satoshi. He added that if the company keeps borrowing to buy the declining Bitcoin by selling its shares, shareholders will be forced to liquidate.

Thus, Schiff summarized that for him, the “diamond hands” of Michael Saylor holding Bitcoin are actually made of glass.

On Monday, after Saylor made an announcement of the BTC purchase Schiff made a comment, pointing out that it was a bearish move to acquire more BTC while its price is going down.

That's pretty bearish that you already bought all that #Bitcoin and the price kept dropping anyway.

Schiff surpasses Nouriel Roubini by Twitter followers
The gold bug Schiff has also tweeted that he has left behind Dr. Doom (economist Nouriel Roubini) by the amount of Twitter subscribers.

Schiff boasted that he is now the holder of the top 8 spot among the biggest Bitcoin bears. On this list, as per Schiff, there is also Warren Buffett, Bill Gates, Nassim Nicholas Taleb, Christine Lagarde and others.

Sourse: u.today

Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 157 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 0.0/0
Total comments: 0
Name *:
Email *:
Code *:
The Bitcoin cycle will last 1,000 days, one analyst says, as crypto rallies despite 40% volume drop (5)
This Country Could Make Bitcoin a Legal Tender After El Salvador (0)
Bitcoin Market State: Investors Holding Steady Instead of Selling Large Volumes like 2018, But Volatility to Remain Under Pressure until Q3 (0)
Apple Co-Founder Steve Wozniak Calls Bitcoin a "Miracle," Says It's Better Than Gold (0)
We must stop bitcoin before it's too late (0)
Bitcoin price under pressure as regulatory concerns mount (0)
In First, Israeli Authorities Seize Digital Wallets Containing Bitcoin and Other Cryptocurrencies Destined for Hamas (0)
The Wyckoff Accumulation: Why Is Bitcoin at a Critical Level According to the Model? (0)
When Will Bitcoin Rally Again? (0)
Elon Musk Receives Amusing Request to Start Pumping Bitcoin Again But He Says "No" (0)