Peter Schiff blasts Strategy as fraud and challenges Saylor to debate
The post Peter Schiff blasts Strategy as fraud and challenges Saylor to debate appeared on BitcoinEthereumNews.com.
On Sunday, renowned gold advocate and outspoken crypto critic Peter Schiff labeled the business model of Strategy Inc. (formerly MicroStrategy) a “fraud.” He said the company’s approach—relying on income-oriented funds buying high-yield preferred shares—is deeply flawed. Schiff said the targets for raising these funds were advertised yields only and would never be actually delivered to the investor. After fund managers saw this, he warned, they would quickly sell off the preferred shares. He stated that doing so would limit the company’s ability to issue more debt, which he said would set off what he called a financial “death spiral.” Schiff’s take on this further escalated the situation by publicly challenging Strategy founder Michael Saylor, who publicly launched the move, in a live debate at Binance Blockchain Week in Dubai in December this year. He pitched the challenge as an opportunity to shed light on what he believes are systemic flaws in Strategy — a Bitcoin-centered corporate model. His comments come as Bitcoin has fallen below the $100,000 threshold and the broader cryptocurrency sector appears to be on the verge of collapse. Meanwhile, gold — Schiff’s favored store of value — has remained above the critical psychological threshold of $4,000 per ounce. Saylor pushes forward as the crypto market battles volatility The man who turned Strategy into the world’s largest Bitcoin treasury company, Michael Saylor, has been determined to stand firm on his own vision. In the face of analysts’ skepticism about the sustainability of the company’s preferred-share approach, Saylor maintains a commitment to long-term Bitcoin adoption and accumulation. Market data shows that Strategy’s multiple on net asset value (mNAV) — the amount investors are willing to pay to hold onto its underlying Bitcoin assets — dipped below 1 in November but has since rebounded to roughly 1.21. Although this is…
Filed under: News - @ November 17, 2025 1:20 am