Peter Schiff Continues to Go After MicroStrategy, But Is He Right This Time?
Peter Schiff renewed his attack on Strategy‘s Bitcoin accumulation playbook. He argued the firm’s growing share of the supply has done nothing to support the BTC price. The longtime gold advocate posted from outside the Bitcoin 2026 conference in Las Vegas. He claimed his sell warning from last year had been validated by a sharp price drop. A Year of Buying, A Year of Falling Prices Schiff highlighted a stark contrast between Strategy‘s accumulation pace and Bitcoin’s price action over the past 12 months. The firm controlled 2.76% of total Bitcoin (BTC) supply at last years Vegas conference. It now holds 3.9%, a 40% increase in market share. That growing dominance failed to put a floor under the market. Bitcoin traded near $110,000 when Schiff spoke at the 2025 event. The asset has since fallen to about $76,000, a 30% slide. The drop has reignited debate over the death spiral thesis Schiff has pushed for months. A year ago at the Vegas Bitcoin conference, $MSTR owned 2.76% of the total Bitcoin supply. A year later, it owns 3.9%. A 40% increase in market share didn‘t stop Bitcoin from falling by 30%. If MSTR gets to 5% of supply by next year’s conference, why should Bitcoin