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.



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