Peter Schiff has attributed Bitcoin's recent price movements to MicroStrategy's aggressive buying strategy, led by CEO Michael Saylor. The company recently acquired 1,229 Bitcoin for $108.8 million, bringing its total holdings to 672,497 coins, valued at approximately $58 billion. Schiff cautions that Bitcoin's market could face challenges if MicroStrategy ceases its purchasing activities. Michael Saylor has stated that MicroStrategy is prepared to endure significant market downturns, reinforcing the company's commitment to its Bitcoin strategy. However, analysts are expressing concerns about the sustainability of Bitcoin's price if it remains heavily reliant on a single buyer, highlighting potential risks in the market's current dynamics.