Longtime Bitcoin critic and pro-gold advocate Peter Schiff has continued his regular criticism against the chairman of the world’s largest Bitcoin treasury company, Michael Saylor. This time, Peter Schiff has blamed Michael Saylor for Bitcoin’s price dip, noting that the Bitcoin advocate is solely responsible for Bitcoin’s rise and fall. Schiff has made his post
Bitcoin fell after the May US labor report gave markets a reason to delay the next Federal Reserve easing trade, turning a stronger jobs number into a tighter-liquidity problem for crypto. The May Employment Situation report said nonfarm payroll employment rose by 172,000 in May, while the unemployment rate held at 4.3%. TradingEconomics release-screen data
Strategy co-founder and executive chairman Michael Saylor said Bitcoin needs “disciplined expansion” through banks, companies, securities, credit and capital markets, laying out a path for the asset as spot exchange-traded fund (ETF) outflows and a broader market sell-off test institutional demand. On Friday, Saylor published an essay, saying Bitcoin’s base layer should be treated as
Hardcore bitcoin purists haven’t lost faith in the world’s largest digital currency, despite it losing nearly 17% of its value, marking the worst weekly performance since July 2024 and wiping out about $200 billion in market cap in the last seven days. The prominent bitcoin advocates or maximalists (short for maxis) — a group that
Bitcoin’s recent drop below $60,000 has shaken the crypto market. But according to Glassnode co-founder Rafael Schultze-Kraft, the latest drop may be bringing Bitcoin into a rare price zone that has historically marked major market bottoms. The big question: Is Bitcoin close to its bottom level, or is there still more pain ahead? Bitcoin Enters
Reports are circulating that Iran is now accepting Bitcoin payments through the Lightning Network from ships moving through the strategically vital Strait of Hormuz. One of the reports comes from X user Bitcoin Archive, calling it a real‑world example of “permissionless,” “censorship-resistant” money at work in international trade. After the spike in geopolitical tensions earlier
Bitcoin critic and gold advocate Peter Schiff rarely misses an opportunity to make a point about Bitcoin, and this week he made one that is harder than usual to dismiss. As Bitcoin collapsed below $62,000 and fingers pointed at Michael Saylor’s 32 Bitcoin sale as the trigger, Schiff offered a counterpoint that reframes the entire
Bitcoin continued its recent dive on Friday, falling below the $60,000 mark for the first time since 2024. The leading cryptocurrency by market cap was recently trading at $59,909, down about 6% on the day and 18.5% over the last week. Other top coins have taken similar hits amid a broader market decline, with Ethereum