CandleFocus Bitcoin Critic Peter Schiff Reveals Key Reason Behind Latest ATH Milestone
2024-12-16
Author: Content Editor
Bitcoin achieved a new all-time high of $106,488.25 before dropping to $104,693.33. Bitcoin critic Peter Schiff speculated that MicroStrategy's CEO, Michael Saylor, may have triggered the price surge through a new purchase. Schiff criticized the influx of new buyers in Bitcoin who are solely focused on getting rich, highlighting the difference in motivations compared to gold buyers who seek wealth preservation. However, Saylor believes Bitcoin is the perfect way to protect the value of the U.S. dollar and hedge against inflation. MicroStrategy's inclusion in the Nasdaq 100 Index further validates the company's focus on cryptocurrency.
Related News
Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares Crypto Analyst Shares Bold Prediction for BTC, ETH & Other Altcoins Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat Ethereum Game ‘Pixels’ Spawns Play-to-Earn Dungeon Crawler on Ronin Can SOL Hit $4,000 In 2025? Expert Weigh In On Its Potential Doge Meme Pup Owner's IP Move Could Decide 'Official' Neiro Coin Can Cardano Price Rally To $2 As ADA Whale Activity Surges? Travala (AVA) Price Struggles to Sustain Momentum After Record Rally Tesla’s decision to ditch Bitcoin might’ve been a great idea in 2021. But does it still hold up today? Cardano Price Holds Key FIB Support for 20% Breakout Rally this Week Bitcoin Miners Now In Selling Mode For A Year: Should You Be Concerned? It’s still a good time to invest in Bitcoin, says MicroStrategy’s Michael Saylor VIRTUAL Price Surges 536% to Become a Top 50 Cryptocurrency Etna: Enhancing the Sovereignty of Avalanche L1 Networks Stanford lab partners with team behind ‘ai16z’ AI agent project Chainlink (LINK) Targets $35 as Bullish Pennant Signals 17% Breakout Dormant Bitcoin Whale Wakes Up with $530M BTC on The Move Renowned Economist Surprised While Everyone Talks About Interest Rate Cuts: “Instead of Interest Rate Cut in 2025…” ISO 20022 Compliant Crypto Coins in 2024 DexCheck Partners with ChainGPT Labs to Revolutionize AI-Powered Analytics Taking stock of crypto predictions for 2025 NFT collection CyberKongz says it has received a Wells Notice from SEC Ether.Fi pitches buybacks for ETHFI stakers ISLAND: Everything You Need to Know About the ‘Nifty Island’ Ethereum Token and Airdrop Top Crypto Gainers Today: $GAL, $UTK, and $XETA Lead the Surge US lawmakers to make a last-ditch effort to confirm SEC commissioner Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends? Crypto Market Hits $3.61 Trillion as Bitcoin Surpasses $102K IOTA Eyes Global Adoption with Potential Coinbase Integration Using Rosetta TapSwap to List $TAPS Token in January 2025 Amid Skill-Based Gaming Evolution Bitcoin Jumps to $103K as Binance Buying Surpasses Coinbase Activity Analyst Predicts XRP Price Will Hit $4.40 in Two Weeks! Floki Expands Presence in UAE as Sponsor of the 2024 World Tennis League T-RIZE Group Secures $300M Deal, Advancing Real Estate Tokenization with Project Champfleury Will Bitcoin ETFs Surpass 1 Million BTC Before 2025? Cryptocurrency Market Set for Life-Changing Breakouts, Analyst Predicts Top Tokens Reach New All-Time Highs as Crypto Momentum Grows Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts il Capo Speaks After Bitcoin’s Giant Bull Run! – How Long Does He Expect the Rally to Last? ‘Prepare your exit strategy,’ warns crypto trader as ‘we are close to the top’ Chainlink price rallies as hopes of an 80% surge rise Ethereum’s culture clash: Dissent, decentralization and progress Donald Trump reportedly plans to leverage $200 billion US Treasury fund for Bitcoin reserves Lido sunsets staking on Polygon network Trader Who Predicted Massive XRP Rally Claims Price May Double Again Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K? 2024 Was the Year of Breaking Through Ethereum Price Surge: Banking Integration and Network Growth to Fuel ETH Rally to $8,800 Bollinger Bands Identify Next Important Stop for Shiba Inu (SHIB) Cardano price forms rare pattern pointing to a Santa Claus rally MicroStrategy dilutes its shareholders to buy more bitcoin XRP Price Eyes Rally To $7 As Whales Shuffle $283M What will and should crypto regulation look like under Trump? – Stakeholders weigh in Bulls Push SUI Price Close to All-Time High, Eyeing $5 Target Here’s why Moca Network Coin price just pumped and dumped Stanford Blockchain Club Challenges DOJ's Tornado Cash Case BetSwirl Partners with Base Protocol for Multichain Expansion Monad Foundation forms to promote adoption of the Ethereum-compatible Layer 1 Bitcoin Breaks $107,000 in Parabolic Advance As ‘Crypto President’ Trump Acquires DeFi Coins 2 cryptocurrencies to reach a $25 billion market cap in 2025 Dogecoin rises 2% as 5.8 billion tokens change hands Nvidia vs. Bitcoin: Which asset should you buy in 2025? Bitcoin price all-time highs driven by spot volumes — Analyst says $115K is next Wealth Mentor Shares Why XRP is Worth Holding for Long Term Crypto Trading Volume at Robinhood Surged in Nov as Exchange Added 420k New Users Navigating Europe's Crypto Tax Evolution: Strategies for Wealth Preservation and Growth Pudgy Penguins’ PENGU token launches tomorrow with Binance listing and airdrop A Last Resort: Un'FE'd Covenants For Bitcoin With MicroStrategy joining the Nasdaq 100, analysts weigh what's next for the corporate bitcoin holder Bitcoin (BTC) Hits ATH in Crucial Metric, Data Shows Pepe (PEPE) gets the most support from large retail holders 3 Altcoins to Watch in the Third Week of December 2024 How Trump Can Help Crypto on Day One Paul Veradittakit: 8 Predictions For Crypto in 2025 Bitcoin surges past $107k in relentless bull run, turning long-term skeptics into buyers Here’s when Chainlink (LINK) will reach $40, according to analyst SHIB Trading Volume Craters by $2.8 Billion as Price Sheds 10% — What’s Next How Web3 Consumer Apps Will Finally Break Out in 2025: 6 Predictions Canada’s finance minister resigns, citing ‘serious challenges’ from US Hyperliquid sees over $1 billion USDC net inflows since token launch Binance CEO Gives Only Recommendation on Cryptocurrency Market With BTC Firmly Above $100K, Forgotten Sleeping Bitcoin Wallets Spring to Life Bitcoin price eyes ’round number’ next as bulls run past $106K Crypto Market Awaits Fed Decision, Powell's Statement; What to Expect Ripple (XRP) Price Consolidates After Reaching Highest Price Since 2018 The performance of the crypto Chainlink exceeds expectations Ripple Whale Withdraws $2.2 Billion XRP, Eyes on $4.5 Scam Alert: Important Note Shared With Cardano Community RLUSD Launch Date Revealed: Will XRP Price Finally Hit $3? From Crypto Genius to Centi-Billionaire: Satoshi Nakamoto's Wealth Soars XRP price chart 'bull flag' targets $15 despite consolidation phase Riot Platforms Increases Bitcoin Holdings With $67.5M BTC Purchase Memecoin Market Growth Surges as Chill Guy and QUANT Shine The 2024 Santa Claus rally is about to start SHIB Burn Rate Skyrockets 3,600%, Shiba Inu Price To Follow? BREAKING: Coinbase Announces New Altcoin Listing During Massive Bull Rally BREAKING: Here are Date and Details on FTX Refunds That May Affect the Cryptocurrency Market Bitcoin Price Prediction: Can Bitcoin Reach $110,000 After Today's New ATH near $107K? Ripple to Roll Out RLUSD Stablecoin on Dec. 17, Adds Former Central Bankers to Advisory Board Bitcoin hits new record high with surge to $107k Avalanche Blockchain’s Largest-Ever Upgrade, 'Avalanche9000,' Is Live Polygon’s $1B yield plan under fire from former employee Exclusive: 2 VanEck funds back Solana-based DePIN DAWN Woman Kidnapped Saudi Royal, Stole $40,000 in Bitcoin—But Avoids Jail Bitcoin Critic Peter Schiff Reveals Key Reason Behind Latest ATH Milestone Here’s What Needs to Happen for ETH to Break its All-Time High Soon: Ethereum Price Analysis Here’s why Ondo Finance crypto could soar 26% soon Kite AI and GAIB to open a decentralized market for compute assets Cardano Price Analysis: This Resistance Blocks ADA’s Path Toward $2 BTC, ETH and XRP Price Prediction for December 16 Hex Trust Expands Collaboration with Stacks Asia Foundation to Bolster sBTC Adoption $3.2 Billion Flood Crypto Market Last Week, Cardano (ADA) Gets Its Share Too Helium revenues heat up just in time for a new DAWN Why These Altcoins Are Trending Today — December 16 800 Million XRP Migrate From Top Global Exchange; Is This Start of Something Big? Bitcoin Adoption Skyrockets, Semler Scientific Buys $21.5M in BTC Ethena Price Jumps 4.54% as USDe Market Cap Hits $6B ADA and BNB Price Prediction for December 16 Shiba Inu Makes Key MetaMask Ranking Despite Stalling Rally AI Tokens Navigate Emission Strategies: High Growth vs. Conservative Supply How Trump Can Help Crypto on Day One Bitcoin Mining Economics Continued to Improve in December, JPMorgan Says Ethena Rolls Out Stablecoin Backed by BlackRock's BUIDL Token AIXBT’s Attempt to Hit $0.36 All-Time High Fails Amid Bearish Pressure Are Pudgy Penguins the New CryptoPunks? A Shift in NFT Dominance Technical analyst reveals XRP short-term price targets amid potential breakout Bitcoin at $120K by 2024? The Speculation and Trends You Need to Know SoftBank CEO to unveil $100 billion investment in US AI sector during Trump meeting today Bitcoin Exchange Binance Announces It Will List a New Altcoin on Futures! Here Are the Details How High Can Cardano Price Rise After Crossing $1? Weekly Price Analysis: The Market Recovers from Technical Selloff Solana Holders May Be In for Same Pain As Ethereum Bulls, According to Analyst Benjamin Cowen – Here’s Why Bitcoin Price Prediction: Bullish Scenario Points to Breakout Above $130k Arbitrum (ARB) leads $843 million token unlocks this week AI Agents Are Shaping Crypto, But Do They Deliver Real Value? Three analysts are ‘keeping an eye’ on this cryptocurrency charts this week XRP Can Reach $1.2T Cap, Top Analyst: Here’s What XRP Would Look Like in Such a Case Ethereum’s 400% growth this year is hidden in L2 apps Stellar Analysis: 209% Rally Positions XLM for $2 Target, Says Top Expert Bitget Secures Bitcoin Service Provider License in El Salvador Solana's Breakout? Henrik Zeberg Makes Latest Call on SOL Price JUST IN! Binance Announces It Will List and Airdrop Two New Altcoins! Cardano (ADA) Bullish Momentum Under Pressure as $1 Hangs By a Thread XRP to Be Reborn? Crucial Test Might Happen in 24 Hours XRP Buyback Program Proposed to Japanese Financial Giant SBI Beam Foundation Unveils BeamAI, Division that Brings AI and Gaming Together Is Dogecoin Heading Higher? $2 Billion Whale Transfer Analyzed MicroStrategy Announces Enormous Bitcoin Purchase Following Nasdaq-100 Inclusion $15 Cycle Top Set for Fantom (FTM), as Altcoin Price Chart Completes Bullish Golden Cross Pattern Will PEPE Surge Following a Triangle Breakout to $0.0000314? Fed Rate Cut Date 2024: How December 18 Decision Could Shape the Crypto Market MicroStrategy aims to become the first "Bitcoin Bank" in the world. Dogecoin (DOGE) Creator Names His Top 5 Cryptocurrencies Messari Co-founder Blasts XRP and Cardano Communities as Bot Groups Crypto 2025: the trends and forecasts for the next year Bitcoin Exchange Binance Published a Blog Post About Memecoins! Which Memecoins Did It Draw Attention To? Here Are the Details Future of Altcoins: The Battle Between Community-Driven and Institutional-Backed Tokens As Bitcoin (BTC) Continues to Break Records, This Altcoin Will Be the Leader in 2025! Can Solana Price Soar to $400 After the Cup & Handle Breakout? 37,000 Bitcoins Exited CEXs in a Week: A Closer Look Can Shiba Inu (SHIB) Reach 3 Cents? Analyzing the Path Ahead $300m of other tokens bridged to Solana in the last week, why? Top 8 Airdrops for the Third Week of December Microstrategy surges 6.5% in pre-market trading 20,035,968 SHIB Torched in 24 Hours – What's Going On? Crypto lobbyist reveals unbelievable Bitcoin 2025 price target Web4: The symbiotic relationship that could transform crypto | Opinion $SHIFU Airdrop Announced: 26% of Total Supply for the Community VIRTUAL Surges to New All Time High Signals Further Upside Potential CZ highlights how governments are leaning towards BTC strategic reserves Can Jasmy Coin Price Soar to $1 in 2025? Founder of ‘AI-slop’ game Catly has NFT history Bitcoin new ATH pushes El Salvador’s unrealized profit over $360 million Global crypto investment product YTD inflows quadruple any other year: CoinShares $1 Billion Market Cap Beckons for FARTCOIN After 180% Weekly Jump Bitpanda Gains In-Principle VARA Nod, Launches Dubai Office for MENA Binance (BNB) Coin Price Triangle Breakout Targets $850 Shiba Inu DEX ShibaSwap Prepares to Welcome Liquid Staking XRP’s Bollinger Bands Tighten Once Again Indicating Significant Price Pump, Another 126% Pump Ahead Whales continue to accumulate Ethereum since prices broke $3,330 Solana gains top spot in daily net inflows with $12M, beating all other blockchains Will Ethereum Price Hit ATH This Week? Key Levels to Watch Bitcoin Falls $2K After Latest Peak, SUI Registers Fresh All-Time High (Market Watch) FCA Seeks Feedback on Crypto Admissions and Disclosures Regime Intrinsic value of crypto: What is it and how to calculate it Xandeum wraps up Solana staking program with 205M XAND distributed in rewards Binance Futures Announces Listing of This Altcoin with 75x Leverage! Bitcoin Reaches $67 Billion: Details BlackRock Bitcoin ETF Put Options at $30, $35 Price Levels See Volume Spike Cardano Founder Sparks Community Speculation With Cryptographic Post Bitcoin to gold ratio posts new record as BTC sets new high Bitcoin pumped to $106,000 on Sunday; Is a crash bound for Monday? South Korea's Largest Cryptocurrency Exchange Upbit Announces Listing of a New Altcoin! Cardano Developer Conference Proposed by Hoskinson for 2025 More value flows into Bitcoin, Ethereum, Hyperliquid and liquid restaking This Crypto Sector Is About To Do a Repeat of 2021 Explosion, According to Top Trader Ripple CTO Explains Why Ripple Stablecoin RLUSD May Cost More Than $1 Bitcoin Wallets Holding Over 100 BTC Spike Amidst $106K Milestone As Bitcoin Rally Stalls at $106K, Could $110K Be Next? Latest BTC ATH Set at $106,488.25 as Silver-Tongued Analyst Predicts Next ATH Between $125,000 and $135,000 The value of Bitcoin today is again at its highs BTC price 'base case' now $140K: 5 things to know in Bitcoin this week MOCA Token Surges by 380% After Major South Korean Exchange Listings XRP Buyback Program Proposed to Japanese Financial Giant SBI: Details Revolut launches the Italian IBAN and its official branch in Italy Ethereum Reclaims $4K as the Global Crypto Market Turns Green Chief of South Korean Stock Exchange says crypto should be institutionalized quickly Bithumb Lists Moo Deng, Mocaverse; MOODENG, MOCA Soar Extremely Bullish 88-Day Structure Appears On Bitcoin Price Chart After Hitting $105,000 ATH Solana Is In A Range And Threatens To Drop Above $171 Raoul Pal Says Dogecoin is One of His Concentrated Bets for This Bull Run Shiba Inu Officially Issues New Warning About Shiro Neko Will Shiba Inu Price Hit ATH By January 2025? Michael Saylor Reacts to New 106k Bitcoin ATH With ‘I Will See You On The Moon’ BTC Tweet CNBC Ranks XRP as Biggest Winner in Trump-led Crypto Rally Bitcoin Hits New All-Time High Against Gold, Brandt Says Higher Is SUI Poised for Continued Growth After Reaching New ATH? FMA Flags YouTube-Based Crypto Scam as Digital Fraud Surges Mega Bull Michael Saylor Makes Extraordinary Bitcoin Proposal for the US Prominent CEO Reveals Price Prediction for Bitcoin if Trump Makes the Move: A Number Hard to Believe Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout Swan Chain Unveils CP v1.0.0 Update in Preparation for TGE Well-known Cryptocurrency Analyst Says “Forget Memecoins”, Names 8 Altcoins XRP Market Update: Bulls Eye $2.70 as Price Consolidates at Key Levels Strike CEO Drops Bombshell: Trump Eyeing US Bitcoin Reserve on Day One via Executive Order Unlocking the Future: Your Fun Guide to Decentralized Finance and Web3 Will Aave’s 21% surge in 24 hours help the altcoin stay bullish? Bitcoin Breaks Barriers: Network Hashrate Smashes 800 EH/s as BTC Eyes New Price Highs Beam Foundation Unveils BeamAI: Bridging Artificial Intelligence and Gaming Arizona man allegedly posed as Uber driver to steal $300K in crypto: Report Ton Trading Bot Partners with Kat Knight for Epic Web3 Gaming & Blockchain RPGs SOL’s Cup & Handle Retest: Is a $400 Target Within Reach? Bitcoin Bull Pennant Confirms $158K by 2025: A Closer Look at the Trend These Crypto Institutional Trends Will Gain Momentum in 2025 (Nansen) Bitcoin price registered a fresh all-time high above $106,000 XRP Price Holds Steady: What’s Next After Consolidation? Ripple News: New ‘XRP ARMY’ Logo Revealed by XRP Logo’s Original Designer Ton Trading Bot Partners with Kat Knight for Epic Web3 Gaming & Blockchain RPGs FASB’s fair Value accounting rules for Bitcoin will officially take effect today XRP Price Prediction: These Two Factors Could Push It to $4 Trump’s DeFi project’s December crypto buying spree nears $45M U.S. Bitcoin Reserve Plan: Trump’s Vision to Tackle $35T Debt and Drive $15T Market Cap Bitcoin Price New ATH: Is This Just The Beginning? Crypto Prices Today December 16: BTC Hits New ATH, FTM Jumps 17%, STX Surges 15% Arizona man allegedly posed as Uber driver to steal $300K in crypto: Report Ethereum Eyes Bitcoin’s Lead: Is a Similar Surge Possible? XRP Price Prediction For December 16 South Korea’s Upbit Lists MOCA(Mocaverse) Today, MOCA Rises Wolfswap Offers Strategic Support to Sonic Before Its Mainnet Launch Ripple CTO says to expect shortage of RLUSD at launch, but don’t FOMO The Funding: Why stablecoins are drawing more VC interest MicroStrategy’s Saylor hints at first Bitcoin purchase above $100K Crypto Whales Gobble Up Nearly $149,600,000 Worth of Cardano and Large-Cap Memecoin in Just Two Days: Analyst Ripple Pre-IPO Valuation Sparks Debate Among XRP Investors Japan ‘far behind’ US in cyber attack preparedness — But that’s actually a good thing for crypto LinkLayerAI Partners with FBPay to Revolutionize Crypto Payments and AI Data Solutions XRP Fights for Survival Right Now, Shiba Inu (SHIB) Lost It, Will Solana (SOL) Finally Bounce? Asia surpasses North America in crypto developer activity growth in 2024 Bitcoin Climbs to $105,000 as Trump Trade Continues to Drive Assets Higher This Week in Crypto Games: Major 'Off the Grid' Moves, 'TapSwap' Airdrop ETA, and Ubisoft NFT Mint