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Peter Schiff comments on Strategy increasing Bitcoin holdings: Buying power is insufficient.
On November 3, economist and cryptocurrency critic Peter Schiff commented on the event “Michael Saylor announced that Strategy increased its holdings by 397 BTC at an average price of $114,771” saying, “The amount of Bitcoin you purchased is far too little to support the price. Unless you get on board with a large sum, the price is likely to continue to fall. Note that the current price of Bitcoin is already 6% lower than your average cost from last week.”