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Peter Schiff and Michael Saylor: New debates amid impending Bitcoin sale

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2 hours ago

Peter Schiff has once again taken a shot at Michael Saylor, this time regarding the potential sale of Bitcoins by the U.S. government.

Schiff's Criticism

Renowned Bitcoin critic Peter Schiff has again voiced his opinion on Michael Saylor, CEO of MicroStrategy, urging him to 'borrow another $4.3 billion' to buy the 69,370 Bitcoins set for sale by the government.

U.S. Bitcoin Sale

On October 7, the Supreme Court ruled that the government can sell the 69,370 Bitcoins seized from Silk Road, leading to a 4.3% drop in Bitcoin's price to $66,552. The sale of confiscated Bitcoin by the government has previously caused concern among market participants.

Saylor's Strategy

Michael Saylor continues to heavily invest in Bitcoin, currently holding 252,220 Bitcoins. The latest purchase by MicroStrategy was on September 19, adding 7,420 Bitcoins.

The standoff between Schiff and Saylor continues amidst significant events in the Bitcoin market. Court decisions and government actions continue to impact the cryptocurrency's price.

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