Renowned economist Peter Schiff took a cheeky dig at the swift pace at which MicroStrategy Inc. (NASDAQ:MSTR) was executing its Bitcoin (CRYPTO: BTC) purchase plan.
What Happened: On Monday, Schiff took to X to comment on the Michael Saylor-led company’s aggressive Bitcoin buying strategy.
He noted that the company has already spent $6.63 billion of its ambitious $42 billion three-year plan announced less than three weeks ago.
“At this rate, the entire plan will be completed in under four months. Then Saylor is gonna need a bigger plan,” the Bitcoin critic made a tongue-in-cheek remark.
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