The post Peter Schiff Believes MicroStrategy and BlackRock May Have To Sell Their Bitcoin appeared first on Coinpedia Fintech News
Peter Schiff, a well-known crypto skeptic, shared his thoughts on the large Bitcoin portfolio of the two market giants. MicroStrategy owns 226,500 BTC, while the IBIT ETF holds 343,387.46 BTC. Schiff suggests the companies may have to sell their BTC bags. Schuff’s new post suggests that MicroStrategy may be under pressure from creditors, who may force the company to sell its crypto assets. BlackRock’s IBIT ETF could be forced to sell Bitcoin if its investors decide to get out of it to cut their losses.
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