Bitcoin critic Peter Schiff is taking aim at crypto believers once again. After MicroStrategy’s stock (MSTR) plunged 11% on March 28, Schiff used the opportunity to challenge Bitcoin holders on their loyalty to the digital asset.
Referring to MicroStrategy chairman Michael Saylor’s past comments about holding Bitcoin “to zero,” Schiff questioned how many investors shared that mindset.
“During an interview, @saylor said he was prepared to ride Bitcoin to zero. How many other HODLers are also prepared to ride Bitcoin to zero? I wonder how many $MSTR shareholders are willing to ride it to zero. Is being prepared to ride Bitcoin to zero better than being surprised?” Schiff tweeted.
Schiff’s remarks have sparked fresh chatter about Bitcoin, coming at a time when the market isn’t looking too strong. Trading volume has dipped by 45%, which means fewer people are buying and selling—usually a sign that interest is fading.
At the same time, MicroStrategy’s stock has taken a hit, making things look even shakier. Reports say company insiders have been dumping shares, which never sits well with investors. Add to that the uncertainty in the tech sector and growing fears of Trump’s tariff policies, and the market is feeling the heat.
With all this going on, Bitcoin holders are facing a real test. Will they stick it out, or is a bigger shake-up on the way? The next few days could tell us a lot.
Also Read: Bitcoin Price May See Chaos Amid Trump Tariff Threats: Forbes
