Peter Schiff Warns Bitcoin Could Keep Falling Even If Michael Saylor Buys More BTC
Highlights
- Peter Schiff expects the BTC price to full despite Michael Saylor's aggresive Bitcoin accumulation.
- Meanwhile, Saylor remains optimistic on a Bitcoin rally as digital credit trends take over.
- Recently, Strategy acquired nearly $255 million worth of Bitcoin this Monday.
Peter Schiff warned that Bitcoin (BTC) price could keep falling despite Michael Saylor’s buying spree. His remarks come amid the ongoing Bitcoin Conference 2026.
Peter Schiff Bearish On Bitcoin’s Future Despite Institutional Accumulation
Schiff noted the increase in the share of Bitcoin owned by Strategy over the last 12 months in an X post. “A year ago at the Vegas Bitcoin conference, $MSTR owned 2.76% of the total Bitcoin supply. A year later, it owns 3.9%,” he said.
However, he said the value of Bitcoin has dropped over that time despite Strategy ramping up BTC buying. “A 40% increase in market share didn’t stop Bitcoin from falling by 30%,” Peter Schiff added. He questioned whether the company’s buying spree will have any effect.
Watching the Bitcoin conference from home this year. When I spoke last year advising attendees to sell, Bitcoin was near 110K. Today it’s 76K, a 30% decline. Last year, the hype was Bitcoin treasury companies near the peak. This year, it’s digital credit, which will soon blow up.
— Peter Schiff (@PeterSchiff) April 28, 2026
He went on to point out that further accumulation by the company may not help. Schiff asked, “If MSTR gets to 5% of supply by next year’s conference, why should Bitcoin stop falling?”
In another post, he compared his warnings and the current BTC price. He had recommended investors to sell at $110,000 during last year’s event. To highlight losses for those who didn’t sell BTC then, Peter Schiff remarked, “Today it’s 76K, a 30% decline.”
He spotlighted the hype over Bitcoin treasury companies during last year’s conference. Hence, he said that the current hype on “digital credit” could be on a similar trajectory.
Michael Saylor’s Comments During Bitcoin Conference 2026
Schiff’s comments come as Michael Saylor outlined a positive outlook at the Bitcoin Conference 2026. At the event, Saylor talked about the robust capital flows he observes in the system. Saylor remarked:
“Every dollar that goes into digital credit will flow into digital capital. It will flow into the Bitcoin network. And as it flows in the Bitcoin network, the price of Bitcoin should increase.”
Saylor also identified supply factors, noting that scarcity of BTC may result in a further price increase. He pointed to corporate demand as Strategy recently bought $255 million of Bitcoin. “We bought the entire supply last week,” he said.
Along with corporate buying, Saylor pointed to the growing participation of large banks like JPMorgan Chase, Citigroup, Morgan Stanley and Barclays. He said the participation of large banks could boost the market for BTC-based credit and other digital assets.
If you’re looking for airdrop rewards, check out our page on Crypto Airdrops.
Instant Currency Exchange at BestChange with Ease
- Compare Rates Across 1000+ Exchanges
- Access 250+ Cryptocurrencies & Pairs
- Save Time with Real-Time Price Tracking
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
