Tensions between Bitcoin critic Peter Schiff and Strategy Executive Chairman Michael Saylor further escalated today. On X, Schiff continued his verbal assault on the Bitcoin valuation and associated investment vehicles. However, Strategy’s STRC team responded strongly with a sarcastic comment.
Michael Saylor’s STRC Team Finally Responds To Schiff
Schiff casted doubt on the current Bitcoin price. He noted that investors are paying more than they should. “Anyone paying $78,000 to buy Bitcoin is not getting in cheap,” he wrote on social media.
He added that “just because some people paid more, that does not mean paying less than they did is a bargain.” The STRC crew replied with a satirical comment directed at Schiff.
They wrote, “Thinking about Saylor again? Remember, he doesn’t think about you.” The taunting reply spotlights the current tension that exists between Schiff and the camp of Michael Saylor.
Nonetheless, Saylor has persistently been a proponent of Bitcoin as a long-term store of value. However, Schiff expects BTC price to crash despite Strategy buying more Bitcoin.
With references to the Bitcoin Conference 2026, Schiff likened the present-day excitement to the past market hype cycles. He observed that the “big hype last year” was the NAKA stock, saying that the asset has since fallen over 99%.
He cautioned that Strategy’s STRC might go the same way. Schiff also claimed that investors who purchase now might lose just as they will by the next year at the conference.
Schiff Continues To Criticize STRC
Earlier this week, Schiff also intensified his attack on Bitcoin-related companies and their supporters. He claimed that the professionals who fail to question entities like STRC “can’t be trusted.” He even labelled STRC as a “ponzi” scheme. He also charged Saylor with peddling a plan that relies on excessively positive assumptions as opposed to quantifiable projections.
Every investment professional, government regulator, or finanical journalist who does not call out $MSTR and $STRC as scams, and @Saylor as a fraud, can’t be trusted. I wonder what all of the people working in the crypto industry will do for work after the bubble fully deflates.
— Peter Schiff (@PeterSchiff) April 29, 2026
In a separate post, Schiff criticized Michael Saylor on his reasons to use Bitcoin to create digital credit, and why greater returns are expected. Schiff also referred to the perceived performance of Bitcoin as “more hope than forecast.” Moreover, he cautioned that relying on these hopes would have adverse effects.
Also, Schiff had earlier warned that Saylor might face a lawsuit due to his aggressive approach to Bitcoin.