Economist and longtime Bitcoin critic Peter Schiff has renewed his bearish outlook on Bitcoin (BTC), arguing that Strategy (formerly MicroStrategy) is trapped by its massive cryptocurrency holdings and warning that investors who continue holding BTC could face significant losses. During his latest podcast, Schiff criticized Strategys decision to raise $450 million through a common stock offering instead of using part of its Bitcoin reserves. The company, led by Executive Chairman Michael Saylor, owns more than 847,000 BTC, making it the largest publicly traded corporate holder of Bitcoin….
Source:: Peter Schiff Predicts Bitcoin Could Fall to $20,000, Criticizes Strategy’s Stock Sale