Peter Schiff Says Bitcoin Demand Fueled By Michael Saylor, Speculators Betting On Strategic Reserve
Posted On March 25, 2025
Gold proponent Peter Schiff has taken another jab at Bitcoin (CRYPTO: BTC), questioning where its current demand is coming from.
What Happened: In an X post on Tuesday, Schiff identified two major factors driving Bitcoin’s demand:
Strategy’s Relentless Bitcoin Purchases: Michael Saylor continues to leverage Strategy’s (NASDAQ:MSTR) balance sheet by issuing debt and equity to accumulate more BTC, reinforcing institutional demand.
This has positioned MSTR as one of the largest corporate holders of BTC, creating consistent buy pressure.
With its recent BTC purchase of 6,911 BTC …
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