Amidst the Bitcoin decline and liquidations totaling over $662.62 million in the past day, Michael Saylor took to social media to express his continued support, stating that Bitcoin represents independence. However, Peter Schiff, the outspoken Bitcoin critic responded with sarcasm, suggesting that Bitcoin would indeed make investors independent of their money. He highlighted the recent low of $53,550 per BTC, which is an enormous drop from its record high of $74,000, pointing out that this represents a 27.5% decline in U.S. dollar terms and a 38.5% decline against gold.

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