Peter Schiff, the forever Bitcoin [BTC] critic, never misses a chance to take a jab at Bitcoin. In a fresh attack, he once again took a shot at the world’s leading cryptocurrency.
Poking Bitcoin investors, the exec recently noted that if Bitcoin ends 2026 at $10,000, “it will still be the best-performing asset over ten years.”
In his post, Schiff also slammed Michael Saylor’s Strategy and said,
I’m sure @Saylor will rely on that to keep pumping Bitcoin and issuing more shares of $MSTR to buy it. But a 92% decline will make it the worst-performing investment for most HODLers.
Schiff’s unshaken belief on traditional asset classes
Despite Bitcoin standing strong against Schiff’s favourite gold and silver in times of uncertainty, he has still dismissed the idea that Bitcoin holds any value against traditional assets.
In fact, on various occassions, Schiff has urged investors to ‘buy silver’ and gold despite a hike in investor sentiment towards Bitcoin.
Strategy’s records billions in losses in Q1 2026
Schiff’s latest remarks came on the heels of Strategy recording unrealized losses of $14.5 billion, as reported by the Wall Street Journal (WSJ).
This massive loss was faced by the firm in Q1 2026 as the value of Bitcoin, which was once trading above $87,000 on 01 January, dropped to around $66,000 by 31 March.
In addition to this observation, WSJ noted,
Bitcoin fell 23% in the first quarter, its worst start to the year since the first three months of 2018, when the digital currency plunged more than 50%.
The shares of Strategy also faced a loss of about 16% in the first quarter of 2026. At press time too, MSTR was trading at $123.72 after a drop of 3.11% in the last 24 hours.
Strategy’s Bitcoin buying spree and more
And yet, despite everything, Q1 2026 for Strategy did not pass by without any Bitcoin purchases. In fact, Strategy made 12 purchases in 3 months totaling 89,602 BTC.
In fact, its total Bitcoin stash stood at 766,970 BTC worth $55 billion at press time.
In the meantime, the Bitcoin SOPR ratio was hovering just below level 1 – A sign that the market may be at the breakeven zone.
Simply put, in such cases, sellers are no longer realising strong profits and naturally, the market may be gearing up for the next direction.
Finally, the Bitcoin MVRV ratio further confirmed this sentiment as the ratio was negative – Evidence of a potential accumulation phase. Until the ratio goes above 0, Bitcoin will be walking a tightrope.
Final Summary
- Peter Schiff took another jab at Bitcoin and Michael Saylor, calling for a 92% decline by year’s end.
- Bitcoin’s price recovery, along with on-chain metrics hinting at selling exhaustion, suggested that a trend reversal might be around the corner.