Peter Schiff: Strategy has shifted from buyer to seller, weakening the support of Bitcoin demand

Odaily Planet Daily News, economist and cryptocurrency critic Peter Schiff posted on platform X, stating that Michael Saylor's Strategy sold 32 Bitcoins last week, valued at approximately $2.5 million, with an average transaction price of about $77,135. This signals Strategy's transition from being the "largest buyer of Bitcoin" to a seller, and he questioned the source of future additional demand. He pointed out that Bitcoin's price has fallen below $72,000, roughly 7% lower than the price at which Strategy previously sold.