According to foreign media reports, gold supporters Peter Schiff once again publicly looked at the empty bitcoin and pointed the spear at the co-founder of Strategy, Michael Saylor. According to Schiff, as the size of the firm's warehouse continues to grow, Strategy has been locked up in huge bitcoin positions, and companies and investors may be under greater pressure if the market continues to weaken.

Strategy's holdout raises questions.

Strategy currently owns more than 84.77 million BTCs and remains one of the most publicly listed companies in the world with bitcoin. It was reported that the company had not continued to buy bitcoin for three consecutive weeks and had recently maintained its overall holding position after the sale of 3588 BTCs.

According to Schiff, the current difficulty for companies is that, if they begin to sell bitcoin on a large scale, they may lower their currency prices directly while weakening market confidence in the company; but even if they do not, the market may react in advance because of concerns about its silo risk.

Schiff's given the lower line.

In his comments, Schiff mentioned that his focus was on resistance levels of about $65,000 and critical support levels of about $58,000. According to him, if Bitcoin continued to fall this support, the price could further fall at $50,000.

  • It's about $65,000 above.
  • Key support position is about $58,000.
  • Downline target ranges from $30,000 to $20,000.

He further indicated that there was a possibility that bitcoin would fall back between $30,000 and $20,000. This statement perpetuates his long-standing negative view of the valuation of TTCs. But Schiff also admitted that if you bought bitcoin 15 years ago, the return would be great.

Corporate treasury model reviewed

According to the report, the arguments surrounding Strategy do not stop at personal statements. As more and more companies finance the purchase of bitcoin through debt or continued stock build-up, professional investors are also beginning to assess more closely the capacity of such business bank models to withstand in the next cycle.

By the time the report was issued, the price of bitcoin was slightly below $65,000, with the cumulative increase of the past week approaching 5 per cent. The market's interpretation of the money purchased by large firms is also changing, and investors are more concerned about the long-term sustainability of such financing-driven silo strategies.