Peter Schiff mocks Michael Saylor as Bitcoin plummets below 80,000 USD

Peter Schiff mocks Michael Saylor as Bitcoin falls below 80,000 USD, questioning its status as a “safe haven” amid the market crisis caused by Trump’s tariffs.

Peter Schiff, famous for his skepticism about Bitcoin and a gold enthusiast, continues to attack Michael Saylor, the founder of MicroStrategy, as Bitcoin plummets below the crucial $80,000 mark amid market panic due to new tariffs imposed by President Trump.

On April 7, Schiff posted a tweet directly addressing Saylor on the X platform, stating:

“Attention Saylor, Bitcoin is now below 80,000 USD, if you want to prevent it from falling below its average price of 68,000 USD, it would be best for you to borrow money today and invest all of that amount.”

This tweet was posted when Bitcoin recorded its worst first quarter in 10 years, falling 11.7% in Q1, a decline that has reignited concerns that the market may be at the peak of the cycle. At the time of writing, the price of Bitcoin is trading at 79,000 USD, down 5% in the last 24 hours.

Just a week ago, Strategy announced the purchase of 22,048 BTC worth 1.92 billion USD, equivalent to an average price of 86,969 USD per coin. This purchase increased the total amount of BTC held by the company to 528,185 BTC, with an average price of 67,458 USD, currently valued at approximately 35.63 billion USD.

The reason for this fall is the chaos across the market due to the trade crisis caused by the “Day of Liberation” tariffs announced by President Donald Trump on April 2. The U.S. has imposed a 10% tariff on all imported goods, with special tariff rates for key partners: 34% on China, 46% on Vietnam, 26% on India, 24% on Japan, and 20% on the European Union. This move has sparked strong opposition from China, raising concerns that this could be the start of a prolonged trade war.

This concern has caused markets to plummet. U.S. stock indices lost a total of 5.4 trillion USD in just two days. Schiff, not missing the opportunity to criticize the volatility of Bitcoin, continued to question the “safe haven” status of this asset in a subsequent tweet:

“But Bitcoin is marketed as a safe haven/ store of value. If during market sell-offs, it falls more sharply than other assets, then what value does it bring to investors?”

You can see the BTC price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

• Bitcoin whales are accumulating similarly to 2020 after the price bounced back from 81,000 USD
• Strategy buys over 22k BTC worth $1.9 billion, bringing its total holdings to 528,185 BTC
• Why do Strategy stocks outperform Bitcoin?

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