Peter Schiff Slams Michael Saylor’s Bitcoin Strategy As ‘Total….’
Posted On December 10, 2025
Bitcoin critic Peter Schiff has renewed his criticism of Michael Saylor after the Strategy (NASDAQ:MSTR) executive outlined his aggressive plan to buy as much Bitcoin (CRYPTO: BTC) as possible and convert it into BTC-backed digital credit.
What Happened: Speaking at the Bitcoin MENA 2025 conference, Saylor argued that “Bitcoin is digital capital,” a form of pristine collateral now effectively endorsed by the U.S. government and major financial regulators under President Trump.
He also noted that U.S. banks have begun custodying BTC and issuing BTC-backed credit, calling this a global regulatory turning point given …
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