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, valued at approximately $2.5 million, with an average transaction price of around $77,135. This marks Strategy's transition from being the "largest Bitcoin buyer" to a seller, and he questioned the source of future demand. He pointed out that Bitcoin's price has fallen below $72,000, about 7% lower than Strategy's previous selling price.