Schiff Warns Strategy Is Bigger Crypto Risk Than FTX

Peter Schiff has warned that Michael Saylor's Bitcoin strategy company could be more damaging to the crypto market than the collapse of FTX, according to a recent interview.

Schiff claimed that if Strategy were to face financial distress, it would have a larger impact on Bitcoin liquidity and market sentiment than the FTX collapse in 2022.

This is because Strategy holds Bitcoin as a corporate treasury asset, which could directly affect supply dynamics and market pricing if forced liquidation or instability occurs.