Peter Schiff, the American investor and arch-enemy of cryptocurrencies, has once again attacked the cryptocurrency (BTC) and its biggest corporate supporter, Strategy. The economist warned in a recent post on platform X (formerly Twitter) that "the biggest regret for Strategy's shareholders will be not selling."
Schiff, a long-time critic of Bitcoin, suggests that Strategy's aggressive purchases of Bitcoin could backfire. According to Schiff's statements, the value of Bitcoin will not hold up in the long term. He believes the price will crash, taking Strategy's stock down with it.