Peter Schiff warns that Bitcoin’s value is artificially inflated by leveraged buying. MicroStrategy and Marathon’s leveraged strategies raise concerns about Bitcoin’s stability. Bitcoin yields from companies like MARA and MSTR are propped up by artificial demand. Bitcoin critic Peter Schiff believes leveraged investments from big players like MicroStrategy ( MSTR ) and Marathon Digital ( MARA ) are contributing to Bitcoin (BTC) price manipulation. He warned that this artificial inflation of Bitcoin’s price could harm both the cryptocurrency and the broader financial market. In other words, due to insufficient real demand, Bitcoin is being artificially propped up through leveraged buying from MSTR and MARA. This seems like a recipe for disaster. — Peter Schiff (@PeterSchiff) December 10, 2024 Read also: Bitcoin Critic Peter Schiff Says Take Profit Now as BTC Rallies MicroStrategy and Marathon Digital’s Bitcoin Holdings MicroStrategy , a business intelligence firm, gained notoriety for its aggressive Bitcoin strategy. The company owns a vast Bitcoin reserve, which has helped support Bitcoin’s price. Similarly, Marathon Digital, a crypto mining com… The post MicroStrategy and Marathon Digital: Boosting or Manipulating BTC? appeared first on Coin Edition .
