On December 15, Bitcoin's price reached a new all-time high of $106,488.25 after a weeklong consolidation. Renowned Bitcoin critic Peter Schiff commented on Michael Saylor's potential influence on this surge.
Bitcoin Reaches New ATH
Bitcoin's price hit a new all-time high of $106,488.25 on December 15, but soon dropped to $104,693.33.
Peter Schiff's Projection
Peter Schiff suggested that the BTC price surge might have been driven by Michael Saylor's purchase. He pointed out that this weekly accumulation trend has been consistent for the past five Mondays, pointing to Saylor's possible influence on the market.
Michael Saylor's Different View
Michael Saylor believes Bitcoin is the best way to preserve the value of the U.S. dollar and acts as a hedge against inflation. MicroStrategy entered the Nasdaq 100 Index, establishing itself as a frontrunner in the crypto market.
Bitcoin continues to generate lively debates and differing opinions. Michael Saylor's market influence highlights the importance of strategic investments in cryptocurrencies.
