Michael Saylor’s Bitcoin Bet Faces Peter Schiff’s Wrath: Who’s Right About Strategy? – Strategy (NASDAQ:MSTR)

Photo of author

By Ronald Tech

Strategy Inc. MSTR has been a wild ride, surging 90.7% over the past year but slipping 4.48% year-to-date. Now, as the stock struggles below its five-, 20- and 50-day EMAs, the debate over its future is heating up — featuring none other than Michael Saylor and Peter Schiff in opposing corners.

Read Also: Strategy Stock Is Sliding Tuesday: What’s Going On?

Chart created using Benzinga Pro

Strategy’s current $281.44 stock price is flashing mixed signals:

  • Bullish: The eight-day SMA ($273.26) and 20-day SMA ($277.95) suggest buying pressure is building.
  • Bearish: The 50-day SMA ($318.59) and the negative MACD (-10.72) signal a downtrend.
  • Long-term strength: The 200-day SMA ($239.27) still supports the bulls.

Despite the volatility, Strategy is ranked as the top momentum stock per Benzinga’s Stock Screener Tool, outpacing quantum players like Rigetti Computing Inc RGTI and D-Wave Quantum Inc QBTS.

Saylor’s Strife — And Schiff’s Slam

Michael Saylor, Bitcoin‘s BTC/USD most vocal corporate bull, just doubled down, announcing $STRF (“Strife”), a new perpetual preferred stock offering aimed at institutional investors.

But gold bug and crypto critic Peter Schiff wasn’t having it.

“This is ridiculous. It’s a pathetic Hail Mary to keep the air from coming out of the Bitcoin bubble,” Schiff declared, warning that once the Trump administration’s backing disappears, “it’s all over for Bitcoin and $MSTR.”

See also  FinCEN's Proposed Rule: Industry Responses and Concerns Exploring Industry Feedback on FinCEN's Proposed Rule for Crypto Mixers

With technicals in limbo and the Bitcoin debate raging on, Strategy remains one of the most polarizing stocks on the market. Who wins this round — Saylor or Schiff?

Read Next:

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs