Peter Schiff Pokes Fun Of MicroStrategy’s Bitcoin Purchase: ‘Michael Saylor Is Gonna Need A Bigger Plan’

Renowned economist Peter Schiff took a cheeky dig at the swift pace at which MicroStrategy Inc. (NASDAQ:MSTR) was executing its Bitcoin (CRYPTO: BTC) purchase plan.

What Happened: On Monday, Schiff took to X to comment on the Michael Saylor-led company’s aggressive Bitcoin buying strategy.

He noted that the company has already spent $6.63 billion of its ambitious $42 billion three-year plan announced less than three weeks ago.

“At this rate, the entire plan will be completed in under four months. Then Saylor is gonna need a bigger plan,” the Bitcoin critic made a tongue-in-cheek remark.

Full story available on Benzinga.com