'Any Other Asset Instead of Bitcoin': Peter Schiff Reacts to Strategy's BTC Bet

Source: CryptoNewsNet Original Title: ‘Any Other Asset Instead of Bitcoin’: Peter Schiff Reacts to Strategy’s BTC Bet Original Link: One of Bitcoin’s notable critics, Peter Schiff, has condemned business intelligence and software firm MicroStrategy for its aggressive BTC buy. In a post on X, Schiff argued that despite the heavy bet on Bitcoin over the past five years, MicroStrategy has not made any mind-blowing profit.

Peter Schiff Questions MicroStrategy’s Bitcoin Returns After Five Years

Notably, with the current price of Bitcoin, Schiff noted that MicroStrategy’s “paper profit” stands at just 16%. This is because MicroStrategy’s average Bitcoin purchase is around $75,000, leaving it with an unrealized gain of about 16% should it choose to sell.

The Bitcoin critic noted that over these five years, it fell to a little over 3% returns on average per annum. Schiff opined that MicroStrategy’s Michael Saylor chose the wrong asset to invest in.

MicroStrategy has been buying Bitcoin for five years. With an average cost of $75K, the company has a “paper profit” of just 16%. That’s an average annual return of just over 3%. The company would have been much better off had Saylor bought just about any other asset instead of Bitcoin.

“MicroStrategy would have been much better off had Saylor bought just about any other asset instead of Bitcoin,” he wrote.

Schiff claims that the bet on the leading cryptocurrency asset has not paid off, considering the massive regular purchase and invested capital.

He considers Bitcoin’s volatility and risk as being responsible for the poor performance, suggesting that other, less volatile assets could have yielded better returns.

This stance highlights the critic’s long-standing skepticism toward Bitcoin as a store of value. The gold advocate has never missed an opportunity to take a swipe at Bitcoin, particularly when there is market stagnation or volatility.

In November 2025, when Bitcoin plunged below $90,000, a significant 28.5% decline, Schiff labeled BTC’s “digital gold narrative” as fraud. He claimed that over the years, the flagship crypto asset has not been able to prove it is a reliable hedge against inflation.

Bitcoin Price Slips as MicroStrategy Expands BTC Holdings

As of press time, Bitcoin is trading at $87,388.18, which represents a 0.54% decline in the last 24 hours.

The asset has fluctuated between a low of $86,717.92 and a daily high of $90,299.16. This is despite registering a massive volume surge.

Bitcoin’s trading volume is up by 207.78% to $42.09 billion, suggesting active exchange on the market.

In a recent criticism of Bitcoin’s performance after it dipped to $89,000 and gold soared to $4,300, Schiff sounded a warning to investors. He cautioned crypto investors against betting on Bitcoin as it was trapped in fragile liquidity.

MicroStrategy made its biggest purchase in the last five months around mid-December. The firm added 10,645 BTC to increase its total holdings to 671,268 BTC.