Peter Schiff Predicts ‘Brutal’ Bear Market For Bitcoin Treasury Companies, Labels Michael Saylor’s Business Strategy ‘Harebrained’
Posted On September 26, 2025
Economist Peter Schiff warned Thursday of a severe bear market for Michael Saylor-led Strategy Inc. (NASDAQ: MSTR) and companies mimicking its Bitcoin (CRYPTO: BTC) treasury play.
Schiff Questions Saylor’s ‘Strategy’
In an X post, Schiff questioned the viability of companies with large Bitcoin reserves.
“While so many companies have been busy copying Saylor’s harebrained business strategy, few have noticed that MSTR is down 45% from its Nov. 2024 high,” Schiff said.
He predicted a “brutal” bear market for Bitcoin treasury companies, doubting that any, including Strategy, would survive.
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