Peter Schiff Takes Aim at Michael Saylor's Strategy Again: 'Will Have to Sell a Lot More' Bitcoin to Main

Economist Peter Schiff said on Tuesday that Strategy Inc.

(NASDAQ:MSTR) would need to sell a "lot more" of its Bitcoin (CRYPTO: BTC) holdings to preserve dollar reserves amid the ongoing slump.

Schiff Expects BTC To Retest $20,000 In an X post, Schiff predicted that Bitcoin's $58,000 support level will break, leading to a decline below $50,000 and potentially testing the lows around $20,000 In a jab at Strategy, the Bitcoin critic suggested that the firm would have to sell off a large share of its BTC reserves to maintain adequate cash levels if such a collapse occurred.

Bitcoin has support at $58,000.

I doubt it will hold.