'Congratulations,' Peter Schiff Reacts as Saylor's Bitcoin Treasury Sits at Cost Basis

Long-time Bitcoin critic and pro-gold advocate Peter Schiff has stirred discussions across the crypto ecosystem following his sarcastic celebration of Bitcoin's recent performance. In a recent post shared earlier today, Schiff congratulated Bitcoin supporters as Bitcoin's biggest buyer, Strategy, marks six years of steady Bitcoin buying. Known for his constant criticism of Bitcoin and its major holders, especially Michael Saylor, Schiff has mocked Strategy following Bitcoin's severe price crash recently. He stressed that the firm's six-year Bitcoin accumulation has yet to deliver the returns Saylor previously promised. Schiff further highlighted Strategy's profit margin, noting that the big Bitcoin buyer is now sitting close to its average purchase price at around $75,500 per BTC.

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