Bitcoin & MicroStrategy’s concerning parallels: Peter Schiff issues warning

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Schiff underscores the interconnected risks between Bitcoin and Microstrategy, highlighting potential cascading effects on both assets.

Bitcoin faced bearish trends, showing red candles in daily and weekly charts.bulls are struggling to turn the bearish sentiment as the cryptocurrency showed red candles on daily and weekly charts.

Here, Schiff underscored the interconnected risks between Bitcoin and Microstrategy , highlighting potential cascading effects on both assets.“Hedge funds selling as they buy MSTR. They would be unwinding both sides of the spread.”

 

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