Peter Schiff Predicts Bitcoin Could Fall to $20,000, Criticizes Strategy’s Stock Sale

Economist Peter Schiff predicts Bitcoin could fall to $20,000, criticizing Strategy (formerly MicroStrategy) for raising $450 million via a stock offering instead of selling some of its 847,000 BTC. Schiff warns that investors holding BTC could face significant losses. Strategy is the largest publicly traded corporate Bitcoin holder, led by Michael Saylor.