Bitcoin’s Big Blunder: Schiff Predicts Price Plunge

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Bitcoin‘s Big Blunder: Schiff Predicts Price Plunge 🚨💸

Bitcoin’s Big Blunder: Schiff Predicts Price Plunge

Well, shucks, folks! It seems like Peter Schiff, the ol’ Bitcoin basher, has been yappin’ again. This time, he’s warnin’ us that mass redemptions from them fancy-schmancy Bitcoin exchange-traded funds (ETFs) are the “biggest risk” for Michael Saylor’s MicroStrategy (MSTR) shares.

Now, I know what you’re thinkin’, “Peter, you’re just a grumpy ol’ coot who don’t understand them new-fangled cryptocurrencies.” But, by gum, he’s got a point! If all them ETF buyers start pullin’ their money out, the price of Bitcoin might just go down a whole lot. And don’t even get me started on MSTR shares – they’ll be down in the dumps like a barrel of rotten apples!

According to Schiff, most of these ETF buyers are just a bunch of fly-by-night traders who don’t know the first thing about Bitcoin. They’re just lookin’ to make a quick buck, and when the price starts droppin’, they’ll be the first ones to cut and run.

And, boy, has the price of Bitcoin taken a tumble! It’s down to a multi-month low of $86,141, and MSTR shares have plummeted by over 11%! It’s enough to make a fella wonder if Saylor’s got a few screws loose for “recklessly leveragin’ MSTR to the hilt.”

Bitcoin price chart

So, there you have it, folks! Peter Schiff’s predictin’ a big ol’ price plunge, and I reckon he might just be onto somethin’ there. But, hey, what do I know? I’m just a poor, dumb fella from the sticks!

MSTR stock chart

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2025-02-26 12:18