Peter Schiff has criticized Strategy's $10 billion investment in Bitcoin, highlighting the firm's 3% annualized return as underwhelming. Strategy recently acquired an additional 1,229 BTC at a price of $88,568, bringing its total holdings to 672,497 BTC, valued at $50.44 billion. Despite the criticism, the firm projects a 16% profit over the next five years.
In related news, Tom Lee's BitMine Technologies has increased its Ethereum holdings to 4.11 million ETH, representing 3.41% of the total supply. The market outlook for Ethereum remains positive, with bullish sentiments prevailing.
Peter Schiff Criticizes Strategy's $10 Billion Bitcoin Investment
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