"The significance for Bitcoin is that Saylor basically just surrendered. Strategy has gone from the biggest buyer to the biggest seller"
Peter Schiff on why Strategy turning seller flips the entire Bitcoin market
"He can hide and say we're still a net buyer. He's not. He's gonna be a net seller now. He needs to sell Bitcoin to pay the dividends on the preferreds, to raise the reserves, to cover the interest and principal on the debt, and to buy back stock. He sold preferreds at 100, why not buy them back at 80?"
"I don't see how the market is gonna absorb this shift where the biggest buyer becomes the biggest seller. And it's not just Strategy. A lot of people bought knowing Strategy was gonna buy. That was their comfort, their safety buyer. There's a bid in the market, they're gonna keep buying, so I'm gonna buy on his coattails"
"Now the markets are anticipating Strategy as a seller. It's gonna be the reverse. Strategy is gonna sell, let me get out first"