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Peter Schiff replied to Michael Saylor: Insufficient buying power
2025-11-03 14:00

According to Odaily Planet Daily, economist and cryptocurrency critic Peter Schiff criticized Michael Saylor's insufficient buying power in an article published on X, stating that Bitcoin has fallen 6% from the average purchase price last week and that more buying is needed to support the price.

Previously, Michael Saylor posted on X that MicroStrategy purchased 397 BTC for approximately $45.6 million, at an average price of approximately $114,771 per BTC. As of November 2nd, the company held a total of 641,205 BTC, with a total cost of approximately $47.49 billion and an average cost of $74,057 per BTC, representing a 26.1% BTC return by 2025.