Longtime Bitcoin critic and gold advocate Peter Schiff has once again taken a jab at Michael Saylor and his company, MicroStrategy (now rebranded as Strategy), after the firm invested an additional $1 billion in Bitcoin yesterday.
This latest purchase brings Strategy’s total Bitcoin spend to nearly $42 billion, further fueling debate around corporate Bitcoin adoption.
Strategy spent another $1 billion buying Bitcoin last week, raising the total spend to nearly $42 billion. As long as Bitcoin is rising & $MSTR trades at a premium, @Saylor can keep buying. But once Bitcoin crashes and MSTR trades at a discount, creditors will force MSTR to sell.
— Peter Schiff (@PeterSchiff) June 16, 2025
Schiff commented, “As long as Bitcoin is rising & $MSTR trades at a premium, @Saylor can keep buying. But once Bitcoin crashes and MSTR trades at a discount, creditors will force MSTR to sell.”
This isn’t the first time Schiff has criticized Saylor. Their long-standing feud over Bitcoin’s future took a sharper turn when Schiff reacted to a bold February tweet by Saylor, who had written, “Sell a kidney if you must, but keep the bitcoin.”
Responding recently, Schiff tweeted:
“First you told the people to max out their credit cards and mortgage their homes to buy Bitcoin. Now you’re telling them to sell off their organs. Have you no shame?”
Not one to back down, Saylor fired back with a tweet that’s since gone viral:
“Sell Peter Schiff’s kidney, keep the Bitcoin.”
The clash shows just how divided people still are when it comes to gold versus Bitcoin. On one side, there are old-school gold supporters like Schiff, and on the other, Bitcoin believers like Saylor, whose company Strategy keeps doubling down on crypto.
The clash shows just how divided people still are when it comes to gold versus Bitcoin. On one side, you’ve got old-school gold supporters like Schiff, and on the other, Bitcoin believers like Saylor, whose company Strategy keeps doubling down on crypto.
With Bitcoin booming in 2025 and more big players jumping in, Saylor isn’t backing off while Schiff keeps warning that it’s all heading for a crash.
Also Read: “The Bubble Has Peaked”: Peter Schiff on Bitcoin’s Crash