Peter Schiff is again criticizing MicroStrategy’s continuous Bitcoin accumulation, this time saying it would put the company out of business.

In a tweet on Thursday, bitcoin critic and prominent gold bug Peter Schiff asserted that Michael Saylor’s “Bitcoin obsession” would eventually put MicroStrategy out of business.

The economist made this claim highlighting the 90% decline in the company’s stock valuation from its all-time high in February 2021. Notably, at $136.63, it has declined by over 75% year-to-date.

(By Ammara)