Bitcoin’s price fell below the $64,000 threshold after being rejected at the $65,200 level. Economist Peter Schiff, a staunch critic of cryptocurrencies, seized this opportunity to encourage investors to sell, arguing that Strategy (formerly MicroStrategy) has abandoned the idea of digital credit by proceeding with its fourth BTC sale of the year. He believes the company has turned to traditional fiat money as superior protection, as lenders no longer have confidence in bitcoin as collateral. Schiff also compared bitcoin’s behavior to gold, which bounced from the $4,000 per ounce support and gained 8% in a single week, calling bitcoin the « anti-gold » and predicting that the higher gold goes, the lower bitcoin will fall.
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