Peter Schiff Praises Bitcoin Supporters, Claiming That Saylor's Bitcoin Treasury Has Returned to Cost Level
U.Today
2h ago
Ai Focus
Peter Schiff, who has long criticized Bitcoin, recently wrote that after Strategy has continuously bought Bitcoin for six years, their holdings are now close to the cost price. This has led them to question Michael Saylor's previous expectations regarding returns and has reignited the debate between Bitcoin and gold.
Helpful
No.Help

Peter Schiff, who has long criticized Bitcoin while supporting gold, has recently sparked discussions in the crypto community. He “congratulated” Bitcoin supporters in a sarcastic manner, as Bitcoin’s largest buyer, Strategy, has been steadily buying Bitcoin for six consecutive years.

Schiff stated in a post earlier today that he made the above comments after observing Bitcoin's recent performance.

Schiff mocks Saylor's return to cost level

Schiff has always been known for its continuous criticism of Bitcoin and its main holders, especially Michael Saylor. Recently, after a significant drop in Bitcoin prices, he once again mocked Strategy, stating that the company's six years of Bitcoin accumulation has not yielded the returns that Saylor had previously promised.

He also emphasized the profit margin of Strategy, noting that this major buyer's current holdings are almost back near the average purchase price, which is around $75,500 per Bitcoin.

Therefore, this Bitcoin critic questions the performance of Saylor's long-term investment strategy and its future potential, especially given that he previously expected an annual return of around 30%.

Schiff Revisiting the Debate Between Bitcoin and Gold

After presenting the above views, Schiff brought up his long-standing debate regarding Bitcoin and gold again, arguing that Saylor made the wrong choice of asset for investment.

He said that if investments in gold had been made during the same period, the funds of Saylor could have doubled, which has also sparked a new round of discussion within the crypto community.

Schiff's stance is not surprising, as he has publicly questioned the potential of Bitcoin as a long-term investment on multiple occasions. This staunch critic of Bitcoin also often believes that precious metals, especially gold, are a more reliable means of value storage than Bitcoin, and has consistently described Bitcoin as a Ponzi scheme.

Tip
$0
Like
0
Save
0
Views 61
HKWDB reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Dogecoin Contributors Warn: Social Signatures May Pose Risks to Wallet Security
Dogecoin community members Mishaboar have raised warnings about the security risks of social signatures. Previously, Keplr stated that it had received reports of unauthorized transactions from accounts created through Google or Apple, and these incidents have been escalated to the Web3Auth team for investigation. Web3Auth also mentioned that it was aware of security issues affecting some of its third-party services and had temporarily suspended the embedded wallet service.
U.Today
·2026-11-08 01:10:32
16
As BTC declines, is the whale ratio of Binance on the rise?
The 100-day simple moving average of the whale ratio for Binance rose to 0.513 on November 6, reaching its highest level since September 2017. Meanwhile, BTC weakened around October 31, but the hacker attack on hot wallets of Binance on October 29 may have affected the data on large transactions, making the interpretation of whale activity more complex.
Coinpedia
·2026-11-08 01:10:30
18
AI Chip stocks rebound after global selling off - but has the bubble begun to burst?
AI stocks rebounded on Friday after experiencing declines from Wall Street to Asia, but the market is still debating whether this is a belated correction or whether the AI bubble has begun to burst. NVIDIA and AMD managed to recover some of their losses, while chip stocks in Taiwan and South Korea also saw significant fluctuations. Data center restrictions, rising financing costs, and uncertainties about order prospects are all testing investors' confidence.
Decrypt
·2026-11-08 01:10:28
16
If XRP mortgage loans fall another 10%, they face a liquidation risk of $8.84 million
According to the analysis of the lending data on the Morpho chain, if the price of collateral falls by another 10%, approximately $8.84 million worth of XRP mortgages may be subject to liquidation, involving over 1,000 leveraged positions. This market allows borrowers to borrow USDC using cbXRP as collateral, and borrowers can reduce their risk by providing additional collateral or repaying the loans.
Coinpaper
·2026-11-08 00:30:01
31
Sony plans to discontinue the production of game discs by 2028; low-income gamers may be more significantly affected
Experts say that Sony's decision to stop producing physical game discs starting from 2028 may have a greater impact on low-income players and players in Africa, due to factors such as the disappearance of the second-hand market, high download costs, and compliance risks associated with overseas PSN accounts.
Decrypt
·2026-11-08 00:09:46
38
View More