Peter Schiff, the outspoken gold advocate and long-time crypto critic, has reignited his feud with MicroStrategy’s Executive Chairman Michael Saylor as Bitcoin (BTC) slid below the crucial $80,000 level. In a sharp post on X (formerly Twitter), Schiff challenged Saylor to "go all in" to protect his firm's investment.
Attention @saylor, now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in.— Peter Schiff (@PeterSchiff) April 6, 2025
“Now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in,” Schiff tweeted.
The remark came as Bitcoin continues to face heavy selling pressure, trading at $78,950.85, down 5.36% in the past 24 hours. Despite the decline, the market saw a dramatic spike in trading volume—up more than 190%, reaching $42 billion—a clear signal of intensified market activity around key psychological levels.
Schiff Doubles Down on His Bitcoin Criticism
Peter Schiff, known for his unwavering stance against Bitcoin, didn’t stop at his jab toward Saylor. When a crypto trader tried to defend Bitcoin by stating that “everything is down,” Schiff shot back:
“But Bitcoin was sold as a safe haven/store of value. If during market selloffs it crashes more than other assets, what value does it offer investors?”
Schiff went further, aiming for Saylor’s borrowing-based Bitcoin strategy—raising alarms about its long-term sustainability.
“It will end with the bankruptcy of MSTR,” Schiff stated, referring to MicroStrategy’s leveraged Bitcoin purchases.
Saylor and MicroStrategy: Under the Spotlight
Michael Saylor has long championed Bitcoin as a treasury reserve asset, with MicroStrategy accumulating more than 214,000 BTC. However, the company’s average purchase price hovers around $68,000—meaning further BTC declines could test investor confidence and corporate solvency.
Just last week, MicroStrategy stock (MSTR) fell 11%, giving Schiff another opportunity to criticize what he sees as a high-risk, overleveraged crypto bet.
As Bitcoin teeters near a crucial support zone, Schiff’s vocal skepticism underscores broader concerns about crypto’s role as a haven and the risks of aggressive corporate adoption models.
What’s Next for Bitcoin and MicroStrategy?
While Schiff’s dire predictions may reflect his bias, they also echo growing unease in traditional financial circles about Bitcoin’s volatility. As macroeconomic pressures intensify and investor sentiment remains shaky, Saylor’s conviction—and MicroStrategy’s balance sheet—will likely face increasing scrutiny.
The coming days will be critical, especially if Bitcoin breaks below the $78K level. Whether Saylor responds with another BTC buy or stays quiet, one thing’s certain—Peter Schiff won’t stay silent.
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