Peter Schiff said Bitcoin’s recent support is coming from active buying rather than intrinsic strength, arguing in X that the market would have been much lower without Bitcoin. “This is really crazy,” he wrote. “If it weren’t for all this buying, how low would Bitcoin be right now? We can’t sustain this forever. A collapse is inevitable. The bigger you build the pyramid, the more you’ll lose when it collapses.”
What should be noted is the timing of the statement. Schiff’s post came as Michael Saylor revealed that Strategy had acquired an additional 34,164 companies. $BTC The average price per Bitcoin was $74,395, or about $2.54 billion. Thaler added that the strategy achieved 9.5%. $BTC The year-to-date yield for 2026 is currently 815,061. $BTC It was acquired for approximately $61.56 billion, with an average cost of $75,527 per coin.
Schiff renews his long-standing warning against Bitcoin
Schiff’s latest posts are consistent with a pattern he has maintained over the years. Another X post that circulated alongside the discussion showed one of his old warnings that Bitcoin could continue to fall even after it has already lost most of its value, highlighting how consistently bearish he remains on the asset.
But this time his criticism is aimed directly at the forces he thinks are pushing the market up: large corporate accumulation. Schiff’s point is simple. He believes repeated large-scale purchases are supporting Bitcoin in a way that cannot continue forever.
Strategy deepens exposure to Bitcoin again
Strategy’s new acquisition was confirmed in an SEC filing dated April 20, 2026. The filing reports the latest acquisition and updates the company’s total stock holdings, which currently stands at more than 815,000 shares. $BTC.
That makes the size of the bet even more impressive. With an average cost basis of $75,527, the strategy currently holds Bitcoin at a level close to the market’s current decision zone. The company is effectively increasing its exposure while Bitcoin remains in a narrow range, rather than after a clean breakout.
Bitcoin price remains near major pivot zones
Previous market analysis showed Bitcoin recovering from the $60,000 area before compressing to around the $75,000-$76,000 resistance cluster.
This field remains the immediate linchpin for the next big move. A further breakout could reach $79,000 and even $83,500, but failure there could send the price back towards support in the $73,500-$74,500 zone.
This puts Bitcoin at a critical juncture. Schiff sees the market as artificially propped up by aggressive buyers. By contrast, Saylor is still adding billions of dollars in exposure. For now, Bitcoin sits where the debate matters most: near resistance, near Strategy’s average buy zone, and under renewed scrutiny from one of its most vocal detractors.
Related: Bitcoin price prediction: $BTC $75,000 under pressure as market waits for breakout
