Economist Peter Schiff warned of complacency among Bitcoin (CRYPTO: BTC) enthusiasts on Tuesday, pointing to Strategy Inc.'s (NASDAQ:MSTR) ongoing market struggles.
Schiff Sounds Warning Bell Schiff said on X that the Michael Saylor-led company has collapsed nearly 80% from its all-time highs, with a 20% decline over the last five days.
"The biggest Bitcoin owner and its bridge to Wall Street, is collapsing," he added.
The Bitcoin critic also pointed out problems with Strategy's flagship offering, the Perpetual Stretch Preferred Stock (NASDAQ:STRC), which was down 13% from its par value of $100.
"Bitcoiners are way too complacent," Schiff said.
