Odaily Planet Daily reports that economist and long-time Bitcoin critic Peter Schiff said holders may soon regret not selling Bitcoin above $60,000. He admitted regret for not buying Bitcoin earlier but stated he would not buy even if the price dropped to $20,000. On July 15, Bitcoin’s price reached as high as $65,005. Schiff has recently directed criticism toward the largest corporate Bitcoin holder, Strategy, suggesting its reserve of approximately 840,000 BTC could incur “greater” losses under its monetization plan.
Peter Schiff: Bitcoin holders may regret not selling above $60,000
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Summary
Peter Schiff warns that Bitcoin holders may regret not selling above $60,000, citing an unfavorable risk-to-reward ratio. He admitted missing the early entry but said he would avoid buying even at $20,000. Bitcoin reached $65,005 on July 15. Schiff also criticized MicroStrategy’s holdings of 840,000 BTC, questioning the price movement under its monetization plan.
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