Peter Schiff Predicts A ‘Bloodbath’ For MicroStrategy Stock, Calls It The Most Overvalued On MSCI World Index
Posted On October 23, 2024
Influential economist Peter Schiff predicted a crash for Bitcoin (CRYPTO: BTC) development company MicroStrategy Inc. (NASDAQ:MSTR), terming it the most overvalued stock in the MSCI World Index.
What Happened: In an X post on Tuesday, Schiff wrote, “$MSTR has got to be the most overvalued stock in the MSCI World Index. When it finally crashes, that’s gonna be the real bloodbath!”
The MSCI World is a widely watched global stock market index that tracks the performance of about 1500 large and mid-cap companies from 23 developed nations. Added …
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