Peter Schiff: Strategy Has Shifted from Buyer to Seller, Weakening Bitcoin Demand Support

Odaily reported that economist and cryptocurrency critic Peter Schiff posted on X, stating that Michael Saylor's Strategy sold 32 Bitcoins last week for approximately $2.5 million, at an average price of about $77,135. This signals Strategy's shift from being the "largest Bitcoin buyer" to a seller, and he questioned where future incremental demand would come from. He pointed out that Bitcoin's price has already fallen below $72,000, roughly 7% lower than Strategy's previous selling price.