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Microstrategy Purchases Bitcoin, Says Crypto Critic, To Avoid Liquidation

CJ - Cryptocurrency Enthusiast 

  • According to Peter Schiff, MicroStrategy frantically invests in BTC to prevent going out of business

  • According to Schiff, Michael Saylor, the company's chairman, confirmed this

  • The cryptocurrency critic believes anyone who purchased Bitcoin because of Musk are foolish

Peter Schiff, a reputable economist, has been known for his criticism of Bitcoin and other cryptocurrencies. He recently stated that MicroStrategy's chairman, Michael Saylor, revealed that buying Bitcoin was a last-ditch effort to keep the company from going out of business. However, Schiff did not cite a source to support his assertion, and Saylor did not refute it.

MicroStrategy, a publicly traded business intelligence firm, has made a significant investment in Bitcoin, purchasing 301 units for a total of $3.98 billion, or $30,639 per coin. This increased the total amount of cryptocurrency under its management to approximately 130,000 coins. Saylor, a vocal supporter of the Bitcoin revolution, has consistently defended his company's investment and has been a vocal critic of Schiff's skepticism of cryptocurrency.

While Schiff has criticized Bitcoin, some investors are still looking to buy and sell Bitcoin online as well as other crypto assets, such as Bitcoin Cash. There are many platforms that allow to transfer Bitcoin to bank account, such as BC Bitcoin - a trusted and established platform that offers a wide range of services for buying, selling and crypto asset management.

When buying Bitcoin or other crypto assets, it's always good to research and compare the fees and features of different platforms. Some platforms offer cheap Bitcoin and other crypto options. There is also crypto currency buy options for those new to the crypto market, which can help guide individuals through the process of buying and investing in the crypto market.

Before investing in any crypto assets, it's always good to do your own research and consider your own risk tolerance. It's also important to be aware of the risks associated with investing in cryptocurrencies, as their prices can be highly volatile.

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