Gold advocate and prominent Bitcoin (CRYPTO: BTC) critic Peter Schiff publicly mocked Strategy Inc. (NASDAQ:MSTR), formerly MicroStrategy’s CEO Michael Saylor, on Monday, predicting the software company’s demise in response to Saylor’s bullish tweet about the cryptocurrency.
Check out MSTR’s stock price over here.
Wait For MSTR To Go Out Of Business
As Saylor declared that “bitcoin is on sale,” Schiff retorted that prospective buyers should wait for the “Strategy going out of business sale” to purchase the digital asset.
MSTR CEO’s comment about Bitcoin being “on sale” follows a weekend of intense market volatility.
On Sunday, the price of Bitcoin experienced a flash crash, tumbling from over $114,000 to $110,000 in minutes. The sudden plunge was reportedly triggered by a single whale liquidating 24,000 BTC, which led to over $562 million in liquidations across the market in just 12 hours.