Bitcoin critic Peter Schiff stirred the pot again this week, saying that Bitcoin could fall to $10,000 (down about 90%) by the end of 2026, but still outperform most investments in 10 years.
But he warned that a crash this big would hit rock bottom for most investors, calling it “the worst-performing investment for most HODLers.”
This is more of a “what if” scenario than a prediction. Schiff pointed this out and sarcastically noted that the promotion will continue, as he believes Michael Saylor will continue to sell Strategy stock (MSTR) to buy more Bitcoin no matter what.
Sif and Sailor’s feud
The two have been feuding publicly for quite some time. Mr. Schiff has always promoted gold and dismissed Bitcoin, saying it has no real value. Meanwhile, Strategy co-founder Saylor has built an entire company around Bitcoin accumulation, calling it “digital gold.”
The conflict intensified after Saylor turned Strategy into a Bitcoin buying machine. Schiff argues that this strategy is deceptive, unsustainable, and will send it into a death spiral if the market changes. Saylor says it’s simply a smart capital allocation, using debt and equity sales to build up Bitcoin as a long-term bet against digital scarcity.
Schiff continues to warn that this strategy could collapse because it relies too much on maintaining Bitcoin’s strength.
He has repeatedly called Saylor’s strategy a fraud and fraud, and even challenged him to a public forum in December 2025. Rather than attacking head-on, Thaler typically responds indirectly, using data, graphs, and long-term views.
recent discussions
Just a few days ago, Schiff said that Bitcoin’s long-term benefits have been overstated, and asked why people would “HODL” if Bitcoin’s performance declines, since its appeal lies in its long-term performance.
Saylor responded with charts and alternative indicators showing Bitcoin’s superior performance over the long term.
The strategy itself holds huge Bitcoin reserves of over 766,000 BTC.
As for Bitcoin, it has been quite volatile lately, down about 2.5% in the past 24 hours. According to CoinMarketCap, its price is currently hovering around $68,055, which is still a small increase of about 1% compared to the past 30 days.
Related: Peter Schiff warns that US war spending could accelerate debt and inflation
