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In a recent tweet, economist and long-time <a href="https://u.today/bitcoin-critic-peter-schiff-issues-warning-to-btc-holders-as-halving-completes" rel="noopener noreferrer nofollow">Bitcoin critic Peter Schiff</a> pointed out that Bitcoin demand currently stems from two primary sources — one being Michael Saylor-led Strategy's aggressive Bitcoin acquisition, and the other being speculators anticipating a potential U.S. Bitcoin reserve. <a href="https://x.com/PeterSchiff/status/1904489375255126242" rel="noopener noreferrer nofollow">Schiff's tweet</a> comes as demand seems to be returning to markets, with Bitcoin once again surpassing $87,000.
<blockquote class="twitter-tweet">
 Bitcoin demand now comes from two primary sources. One is <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@saylor</a>'s continued ability to leverage the <a href="https://twitter.com/hashtag/MSTR?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MSTR</a> balance sheet to buy more. The second is from speculators front running the U.S. government's Strategic Bitcoin Reserve and the Bitcoin arms race it's supposed to set off.— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1904489375255126242?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2025</a>
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Schiff's statement highlights the impact of Strategy’s continuous Bitcoin accumulation, which has fueled market demand and inspired institutional interest.
The most recent purchase, the latest in a series of almost weekly acquisitions since late October, saw Strategy acquire $584.1 million of Bitcoin after raising more than $700 million last week through the sale of its perpetual Strife preferred stock. This increased the stash of the dot-com-era-software-maker-turned-leveraged-Bitcoin-proxy to 506,137 BTC, which is about 2.4% of Bitcoin's 21 million total supply.
Institutional interest continues to drive Bitcoin demand. Along similar lines, BlackRock, the world’s largest asset manager, is launching a Bitcoin exchange-traded product in Europe, building on the success of its $48 billion U.S. fund that tracks the cryptocurrency.
<h2 id="demand-returns-to-market">Demand returns to market</h2>
<a href="https://u.today/bitcoin-btc-market-alert-issued-as-price-crosses-88000-details" rel="noopener noreferrer nofollow">Bitcoin</a> surged 4.25% last week to close above $86,000, and the bulls continued their rally above $88,000 at the start of this week.
Bitcoin reached a high of $88,804 on Monday, the most it has seen in nearly two weeks. Bitcoin was up 0.05% in the last 24 hours to $87,462, after reaching intraday highs of $87,997.
Demand appears to be returning to the markets. According to the most recent CoinShares report, Bitcoin investment products saw inflows of $724 million last week, following five weeks of outflows.
Bitcoin's relief rally is expected to face stiff resistance at the 50-day SMA at $89,994. If surpassed, that increases the chances of a rally to $95,000 and then to $100,000. Conversely, if the price turns down from current levels, support is expected at the daily SMA 200 at $85,221 and near $83,000. A drop below $83,000 could sink the Bitcoin price to $80,000. <a href="https://u.today/key-bitcoin-demand-catalysts-uncovered-by-peter-schiff-details" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Key Bitcoin Demand Catalysts Uncovered by Peter Schiff: Details

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