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Bitcoin Critic Peter Schiff Reveals Key Reason Behind Latest ATH Milestone
In a recent tweet, notable bitcoin critic Peter Schiff has shed light on the primary factor behind the latest all-time high (ATH) milestone achieved by the world’s largest cryptocurrency, Bitcoin. According to Godfrey Benjamin’s insightful article in Blockchain.news, the prominent crypto analyst believes that MicroStrategy’s decision to buy more Bitcoin is a key driving force behind this significant achievement.
Schiff, who has been vocal about his skepticism regarding the potential of Bitcoin to surpass the $100 million mark, surprisingly aligns with another crypto believer, Michael Saylor. This unexpected shift in perspective highlights Schiff’s recognition of the role that institutional investors like MicroStrategy are playing in the cryptocurrency market.
It is essential to note that this development underscores a significant shift in the sentiment surrounding the cryptocurrency market, particularly in light of recent events and shifts in the regulatory environment.
For any investor considering making an investment decision in the digital currency space, understanding these developments is crucial.
Source: u.today
