Peter Schiff has renewed his criticism of Bitcoin, arguing that the asset’s recent decline validates his advice from last year to sell. Since his call at the 2025 Bitcoin conference in Las Vegas, Bitcoin has dropped from around 110,000 dollars to roughly 77,000 dollars, marking a decline of about 30 percent.
At the time, Bitcoin was riding strong enthusiasm tied to the rise of corporate treasury strategies, where publicly traded firms accumulated large amounts of the asset. Now, as the 2026 conference unfolds, Schiff believes the latest narrative around digital credit will not succeed in driving prices higher either.
Then and Now: Schiff Questions Bitcoin Narratives
During the 2025 event, Schiff urged attendees to exit their Bitcoin positions, warning that the hype around corporate accumulation would not sustain long term growth. A year later, with prices significantly lower, he argues that history is repeating itself.
He also pointed to Strategy and its growing Bitcoin holdings as part of his argument. The company increased its share of total Bitcoin supply from 2.76 percent to 3.9 percent, representing a 40 percent rise in ownership concentration. Despite this, Bitcoin’s price has still fallen, raising questions in Schiff’s view about whether further accumulation would make a difference.
Strategy has continued its buying spree, recently adding over 3,000 BTC worth approximately 255 million dollars. This brings its total holdings to more than 818,000 BTC, acquired at an average price of about 75,500 dollars per coin.
Schiff has also criticized the company’s preferred stock offering, STRC. Speaking during a live discussion on X, he described it as unsustainable, claiming that its 11.5 percent yield is funded by attracting new investors rather than underlying business profits.
Critics Push Back on Schiff’s Claims
Schiff’s comments sparked backlash from members of the crypto community, many of whom highlighted his long history of bearish Bitcoin predictions. Critics pointed out that he had warned against Bitcoin at multiple price levels over the years, including far lower valuations, yet the asset has still delivered significant long term gains.
One trader compiled past examples of Schiff’s warnings dating back to 2013, arguing that despite occasional pullbacks, Bitcoin has consistently risen over time. Another analyst noted that Schiff’s stance is difficult to validate since he has never advocated buying Bitcoin in the first place.
Meanwhile, Michael Saylor presented a contrasting outlook at the conference. He suggested that a supply shock could be approaching, driven by potential inflows of institutional capital from major financial firms such as JPMorgan Chase, Citigroup, Charles Schwab, Morgan Stanley, and Barclays.
According to Saylor, demand from these institutions could far exceed the available Bitcoin supply, potentially pushing prices higher and boosting related assets such as Bitcoin treasury stocks and digital credit products.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
