The protracted standoff between gold advocate Peter Schiff and Bitcoin [BTC] Supporter Michael Saylor broke out again as Bitcoin struggled to gain momentum.
Schiff criticized Strategy’s massive Bitcoin strategy, arguing that the company’s $54 billion investment has generated little real progress.
With Bitcoin trading near Strategy’s average purchase price of around $76,000, Schiff disputed Saylor’s claims about Bitcoin being the best-performing asset in the world.
Schiff vs. Saylor
Schiff noted that at current prices, the company has unrealized losses of about 3%. hand he mocked,
“I am sure that the losses over the next five years will be much greater!”
This debate reflects two very different views on investing.
Saylor sees Bitcoin as a long-term hedge against inflation and currency weakness. Schiff, on the other hand, believes that Strategy’s flat returns show that Bitcoin is a risky and unproductive bet.
The community supports Saylor
However, many supported Saylor, as noted by one X user, who noted:
“Schiff’s framework ignores time and liquidity. MSTR’s BTC entry spans multiple cycles; judging it in the middle of a macro drawdown is cherry-picking.
The user explains that this is not a defect of Bitcoin technology.
Rather, it reflects a more difficult economic environment, where shrinking dollar liquidity and falling stock markets are forcing investors to reduce risk across assets.
However, Schiff remained firm in his stance and added:
“Bitcoin does not have a long enough history to reach that conclusion.”
Market trends
This comment comes at a time when Saylor’s firm recently reported an unrealized loss of more than $900 million.
Strategy’s MSTR stock was also struggling, trading around $133.26, down 6.40%, while Bitcoin has fallen 2.56% in the last 24 hours to around $76,119.
However, despite these bearish trends, Strategy remains the largest corporate Bitcoin holder in the world, with over 713,500 BTC.
Well, this is not the first time, as also in the past Schiff accused Strategy’s approach of being unsustainable and predicted bankruptcy.
“Regardless of what happens with Bitcoin, I think $MSTR will eventually go bankrupt. Let’s go!”
Now, it remains uncertain whether this is just a short-term setback or the beginning of deeper problems.
But as the gap between the company’s share price and the cost of purchasing Bitcoin narrows, the risks become harder to ignore.
Final thoughts
- The strategy’s massive Bitcoin exposure continues to attract both strong supporters and vocal critics.
- Current losses reflect market cycles, not necessarily flaws in Bitcoin’s long-term value proposition.
