Peter Schiff Says Bitcoin, Ethereum Treasury Companies Have ‘No Viable Business Model’
Posted On November 26, 2025
Peter Schiff is once again sounding the alarm, this time warning that companies using Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH) as corporate treasury strategies are ultimately doomed.
What Happened: Speaking on Schwab Network, Schiff argued that Strategy’s (NASDAQ:MSTR) Bitcoin-leveraged model is structurally unsound.
He said the company generates no meaningful earnings, piles on losses, and survives only by issuing new debt or equity to buy more Bitcoin, an asset that yields no cash flow.
According to Schiff, the moment Strategy’s …
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