Peter Schiff comments on Strategy increasing bitcoin holdings: continuously lowering the average holding cost will also amplify overall losses
Foresight News reported that gold advocate and economist Peter Schiff tweeted regarding "Strategy increasing its holdings by 592 bitcoins," saying, "Congratulations on finally lowering your cost. But you may not have noticed that the bitcoins you last purchased have already lost more than 5%. Therefore, as you continue to lower your cost, your overall losses will keep increasing."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano roadmap consists of five phases, Plomin hard fork completes the final governance phase

BUZZ-Newsmax shares rise due to unexpected third-quarter profitability
NZD/USD Price Forecast: Bears gain momentum to test 19-month lows at 0.5527
BUZZ-Palo Alto Networks shares rise as KeyBanc upgrades rating
