As Bitcoin (BTC) price plunged below $80000, Peter Schiff again boldly challenged Michael Saylor

This marks the latest chapter in Schiff's long-running criticism of Saylor's aggressive Bitcoin (BTC) investment strategy.

The price of Bitcoin (BTC) dropped below $80,000. Peter Schiff challenged Michael Saylor again.

Schiff challenged Saylor to borrow more money to buy more Bitcoin (BTC).

This is part of Schiff’s criticism of Saylor’s Bitcoin (BTC) buying strategy.

The discussion started after MicroStrategy’s (MSTR) share price fell by 11%.

suggesting that Saylor should "refill the truck with borrowed money" to prevent the price of Bitcoin (BTC) from falling below the average cost of purchases that MicroStrategy has made, which is $68,000.

Bitcoin (BTC) is trading at $78,950.85, down 5.36% in the last 24 hours. The market capitalization of Bitcoin (BTC) stands at $1.56 trillion, with trading volume in 24 hours reaching $42 billion, an increase of more than 190%.

One crypto trader tried to calm the situation by saying that the whole market is down, not just Bitcoin (BTC).

Schiff replied that Bitcoin (BTC) is sold as a "safe haven" and a "store of value".

If Bitcoin (BTC) falls more deeply than other assets during a market sell-off, then what value does Bitcoin (BTC) offer investors?

Another user asked when Saylor’s loan-heavy strategy would turn around and attack.

Schiff replied that it would end in MicroStrategy’s (MSTR) bankruptcy.

Schiff’s criticism of Bitcoin (BTC) and Saylor’s strategy has been a recurring theme in crypto discussions.

The tension between Schiff and Saylor reflects a broader debate within the crypto community about whether Bitcoin (BTC) is a safe or speculative investment.

Saylor continues to support Bitcoin (BTC) as the future of finance. However, Schiff remains skeptical about the stability and safety of Bitcoin (BTC) as an investment asset.

This shows a sharp difference of opinion that could affect the market’s perception of Bitcoin (BTC).

With Bitcoin (BTC) hovering near psychologically important levels, comments and analysis from figures like Schiff and Saylor will continue to be interesting.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.