Peter Schiff Challenges Michael Saylor as Bitcoin (BTC) Plunges: Is This the End of Aggressive Strategies?

Updated

April 8, 2025

Gambar Peter Schiff Challenges Michael Saylor as Bitcoin (BTC) Plunges: Is This the End of Aggressive Strategies?

Jakarta, Pintu News—As the price of Bitcoin plunged below $80,000, Peter Schiff again boldly challenged Michael Saylor, CEO of MicroStrategy.

In an attention-grabbing tweet, Schiff challenged Saylor to invest more borrowed money into Bitcoin (BTC).

This marks the latest chapter in Schiff’s long-running criticism of Saylor’s aggressive Bitcoin (BTC) investment strategy.

Check out the full news below!

High volatility, Schiff uses moment to attack MicroStrategy and Saylor

Attention @saylor, now that Bitcoin is below $80K, if you want to prevent it from crashing below your average cost of $68K, you had better back up the truck with borrowed money today and go all in.
— Peter Schiff (@PeterSchiff) April 6, 2025

Peter Schiff, a vocal Bitcoin (BTC) critic, never misses a chance to criticize the strategy taken by Michael Saylor. When MicroStrategy’s (MSTR) share price dropped by 11%, Schiff used the opportunity to attack again.

He suggested that Saylor should “refill the truck with borrowed money” to prevent the price of Bitcoin (BTC) from falling below the average cost of purchases that MicroStrategy has made, which is $68,000.

Bitcoin (BTC) is trading at $78,950.85, down 5.36% in the last 24 hours. The market capitalization of Bitcoin (BTC) stands at $1.56 trillion, with trading volume in 24 hours reaching $42 billion, an increase of more than 190%. This indicates significant fluctuations in the market that could affect long-term investment strategies.

Also read: Bloomberg Analyst Reveals Unique Pattern between XRP and Bitcoin!

Bitcoin Falls Deeper, Schiff: Where’s the Promise of ‘Safe Haven’?

In response to Schiff’s latest tweet, a crypto trader tried to calm the situation by pointing out that the entire market is down, not just Bitcoin (BTC). However, Schiff quickly responded that Bitcoin (BTC) is sold as a “safe haven” and a “store of value”.

If Bitcoin (BTC) falls more deeply than other assets during a market sell-off, Schiff questions the value that Bitcoin (BTC) offers investors. The discussion didn’t stop there. Another user asked when Saylor’s loan-heavy strategy would turn around and attack.

Schiff emphatically replied that it would end in MicroStrategy’s (MSTR) bankruptcy. Schiff’s tireless criticism of Bitcoin (BTC) and Saylor’s strategy has been a recurring theme in crypto discussions.

Also read: 3 Cryptos in the Spotlight After the Market Crash in April 2025

Battle of Narratives: Schiff and Saylor clash over bitcoin value

The tension between Schiff and Saylor reflects a broader debate within the crypto community about whether Bitcoin (BTC) is a safe or speculative investment. While Saylor continues to support Bitcoin (BTC) as the future of finance, Schiff remains skeptical about the stability and safety of Bitcoin (BTC) as an investment asset.

This shows a sharp difference of opinion that could affect the market’s perception of Bitcoin (BTC). With Bitcoin (BTC) hovering near psychologically important levels, comments and analysis from figures like Schiff and Saylor will continue to be important.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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