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Peter Schiff Attacks Saylor’s Bitcoin Strategy After Massive MicroStrategy Purchase
Peter Schiff is once again taking aim at Michael Saylor, this time criticizing the MicroStrategy founder’s bold claim that his company intends to “buy all available Bitcoin.” The comments follow MicroStrategy’s largest Bitcoin acquisition in months, adding new fuel to the long-running clash between one of Bitcoin’s loudest advocates and its most persistent critic.
Saylor Says MicroStrategy Will ‘Buy All of It’
During his keynote speech at the Bitcoin MENA conference, Saylor doubled down on his mission to accumulate as much Bitcoin as possible.
“We are going to buy all of it,” he declared.
His presentation—lasting roughly 45 minutes—attracted more than 10,000 attendees, including representatives from sovereign wealth funds, banks, family offices, and hedge funds across the Middle East.
Saylor positioned the region as a future global hub for Bitcoin-backed financial infrastructure, describing Bitcoin as “digital energy” and “a programmable, scarce asset” capable of powering a new era of economic sovereignty.
Schiff Dismisses Saylor’s Bitcoin Framework
In a follow-up social media post, Peter Schiff intensified his criticism, targeting Saylor’s concept of converting “digital capital” into “digital credit.”
He highlighted MicroStrategy’s preferred stock, which yields an 8% perpetual dividend backed by the company’s 650,000 BTC holdings—acquired at an average cost of $74,000 per coin.
According to Schiff, the entire model only works “in Saylor’s head,” arguing that the yield depends entirely on Bitcoin’s price rising forever. Without perpetual appreciation, Schiff claims the strategy could collapse, as there is no genuine cash-flow-producing asset supporting the yield.
A Familiar Clash Intensifies
Saylor’s aggressive Bitcoin accumulation strategy and Schiff’s persistent skepticism continue to shape one of the crypto industry’s most recognizable ideological battles. With MicroStrategy signaling even more Bitcoin purchases ahead, the debate over the sustainability of Saylor’s approach is far from over.
