- Bitcoin dropped below $89K, losing 8% in a day as selling pressure mounted.
- Eric Trump and Michael Saylor called it a buying opportunity, while Peter Schiff warned of further declines.
- Strategy bought another $2B worth of Bitcoin, bringing its holdings to nearly 499,096 BTC.
Bitcoin tumbled under $89,000 on February 25, marking its biggest drop in three months after losing over 8% in a single day. The selloff rattled investors, but Eric Trump took to X with a different message—“Buy the dips!”
His words sparked mixed reactions across the crypto space, with some seeing it as a bullish signal while others remained skeptical about further downside.
Michael Saylor Backs the Dip—Schiff Stays Bearish
It wasn’t just Eric Trump hyping up the dip—Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), called the price drop a “Bitcoin sale.”
- Saylor hinted that Strategy might take advantage of lower prices, continuing its aggressive accumulation.
- He responded to Trump’s post, saying: “The best advice, volatility is a gift to the faithful.”
- Not everyone was convinced, with gold advocate Peter Schiff dismissing the idea, warning that Bitcoin could drop even further.
While some see a buying opportunity, others remain cautious.
MicroStrategy—Or Rather, Strategy—Keeps Stacking BTC
Despite the market turbulence, Strategy doubled down, announcing another $2 billion Bitcoin purchase.
- Bought 20,365 BTC at an average price of $97,514 per coin.
- Now holds 499,096 BTC, worth $47 billion, making up 2.4% of Bitcoin’s total supply.
- Plans to acquire $42 billion worth of Bitcoin over the next three years.
Long-term conviction or high-risk gamble? The debate continues.
What’s Next? More Pain or a Bounce?
The broader crypto market is feeling the heat, with:
- Ethereum (ETH) down 9% to $2,405.
- Solana (SOL) slipping 7% to $143.
- Bitcoin’s market cap shrinking to $1.76 trillion.
Standard Chartered’s head of crypto research, Geoff Kendrick, isn’t convinced the bottom is in—predicting another 10% drop that could push Bitcoin to the low $80K range. He pointed to continued outflows from U.S. Bitcoin ETFs as a key reason for potential further losses.
For now? Bulls see a dip to buy, bears see more downside ahead. The market is at a crossroads.
