Peter Schiff says Strategy's push from 2.76% to 3.9% of total Bitcoin (BTC) supply failed to halt a 30% price slide to roughly $76,000.
Schiff Renews Strategy Attack
The longtime gold advocate posted from outside the Bitcoin 2026 conference in Las Vegas on Tuesday, saying his 2025 sell call had been validated. Bitcoin traded near $110,000 when Schiff spoke at last year's event.
The asset has since fallen about 30%. Schiff noted that Strategy's market share grew 40% over the same period, yet that buying did not put a floor under the price.
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Saylor And Schiff Clash
Michael Saylor defended the corporate treasury model at the conference on April 28, telling attendees that digital credit could push Bitcoin to $10 million per coin.
Schiff disagreed. He has labeled the firm's STRC preferred share product the largest Ponzi in the world, citing its 11.5% yield.
In recent weeks, Schiff has gone further than skepticism. He challenged Saylor to debate after calling Bitcoin a "shitcoin" on social media, and warned the strategy could lead investors toward financial ruin.
Strategy has bought Bitcoin every week in April, totaling more than $6.4 billion in purchases this month. The firm now holds 818,334 BTC, with its position remaining profitable above $75,000.
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