Peter Schiff Predicts 'Brutal' Bear Market For Bitcoin Treasury Companies, Labels Michael Saylor's Business Strategy 'Harebrained'

Peter Schiff Predicts ‘Brutal’ Bear Market For Bitcoin Treasury Companies, Labels Michael Saylor’s Business Strategy ‘Harebrained’

Economist Peter Schiff warned Thursday of a severe bear market for Michael Saylor-led Strategy Inc. (NASDAQ: MSTR) and companies mimicking its Bitcoin (CRYPTO: BTC) treasury play. In an X post, Schiff questioned the viability of companies with large Bitcoin reserves. “While so many companies have been busy copying Saylor’s harebrained business strategy, few have noticed that MSTR…

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