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Bitcoin critic Peter Schiff stirred the pot again this week, saying the cryptocurrency could drop to $10,000 (about 90% decline) by the end of 2026 and still come out ahead of most investments over 10 years.
However, he warned that a crash that big would leave most investors deeply underwater, calling it ”the worst-performing investment for most HODLers.”
This is more of a “what if” scenario than a prediction. Schiff pointed this out because he believes that Michael Saylor will keep selling Strategy stock (MSTR) to buy more Bitcoin, no matter what, sarcastically noting the promotion would persist.
Schiff’s and Saylor’s Feud
Both have been in an ongoing public feud for quite some time now. Schiff has always pushed gold and knocked Bitcoin, saying it has no real value. On the other hand, Saylor, the co-founder of Strategy, has built his whole company around stacking Bitcoin, calling it “digital gold.”
The feud intensified after Saylor turned Strategy into a Bitcoin‑buying machine. Schiff calls the playbook fraudulent, unsustainable, and headed for a death spiral if the market turns. Saylor says it’s just smart capital allocation, using debt and stock sales to stack Bitcoin as a long‑term bet on digital scarcity.
Schiff keeps warning that the strategy could collapse because it relies too much on Bitcoin staying strong.
He has called Saylor’s strategy a scam or fraud more than once and has even challenged him to a public debate in December 2025. Saylor usually replies indirectly with data, charts, and long‑term takes instead of fighting back head‑on.
Recent Argument
Just a few days ago, Schiff said Bitcoin’s long‑term gains are overblown and asked why anyone would “HODL” if it underperforms, since its appeal is the long-term performance.
Saylor responded with charts and alternative metrics showing Bitcoin’s superior performance over longer periods.
Strategy itself holds massive Bitcoin reserves, over 766,000 BTC.
As for Bitcoin, it’s been rather volatile lately, dropping approximately 2.5% in the last 24 hours. According to CoinMarketCap, its price is currently hovering at roughly $68,055, which is still a small gain of about 1% compared to the last 30 days.
Related: Peter Schiff Warns U.S. War Spending Could Fuel Debt, Inflation