Peter Schiff Criticizes Strategy for Selling Bitcoin at $62,150 and Buying Back Above $80,000
JH Kim
Summary
- Peter Schiff, a Bitcoin (BTC) skeptic, criticized Strategy’s recent Bitcoin trading.
- He said Strategy sold Bitcoin at $62,150 and later bought it back after the price climbed above $80,000.
- He criticized the timing of Strategy’s trades and said the company would soon sell again at a lower price.
Forecast Trend Report by Period
Peter Schiff, a prominent Bitcoin skeptic, criticized Strategy’s recent Bitcoin trading.
Cointelegraph reported on Sept. 22 that Schiff said Strategy sold Bitcoin at $62,150 and later bought it back after the price rose above $80,000.
He criticized the timing of the trades, arguing that the company would soon end up selling again at a lower price.
Schiff has consistently taken a critical view of Bitcoin and Strategy’s Bitcoin investment strategy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.