Peter Schiff Warns Bitcoin Could Keep Falling Even If Michael Saylor Buys More BTC

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.

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:

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.

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