The largest cryptocurrency owner is holding bitcoin to save his company

According to Peter Schiff, president of Euro Pacific Capital and a part-time critic of the flagship cryptocurrency, MicroStrategy, considered the largest owner of VTC, invested in bitcoin to avoid liquidation. Schiff shared his speculation on Twitter.

«I've learned that Сейлор» href="https://noworries.media/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor has admitted to investing in bitcoin as a desperate attempt to avoid liquidation of MicroStrategy. If the only thing MicroStrategy is capable of is a leveraged speculative position in bitcoin, it will fail," the VTS critic wrote in his post. Members of the cryptocurrency community pointed out that Schiff did not say where he heard this information and did not provide any evidence.

Some users were outraged and accused the president of Euro Pacific Capital of deception. «That's not what Saylor meant. He was saying that MicroStrategy couldn’t find anything else that would protect the company’s assets ,» a user with the nickname @GhostofHayek wrote in response to Peter Schiff.

It is worth reminding that Michael Saylor does not abandon his strategy of accumulating the flagship cryptocurrency even though the digital asset market is in decline. In November, the investor called the situation with bitcoin a «roller coaster,» but reminded that BTC has fallen to levels that are still 33% higher than they were when MicroStrategy first invested in BTC back in 2020. During this period, the company’s shares grew by 38%, outperforming tech giants like Apple and Amazon.

As for Peter Schiff’s point of view and his forecasts for the future of bitcoin, he believes that the BTC rate is still too high, so the digital asset should reach values below $ 10,000. Schiff is confident that the dangerous threshold of $ 5,000 for BTC is a fair price.