Peter Schiff Warns Bitcoin ‘Collapse Is Inevitable’ as Strategy Buys $2.54B More BTC
Peter Schiff said Bitcoin’s latest support is coming from aggressive buying rather than organic strength, arguing on X that the market would be much lower without it. He wrote, “This is really getting crazy. I wonder how much lower Bitcoin would be now without all this buying. You can’t keep this up indefinitely. A collapse is inevitable. The bigger you build the pyramid, the bigger the losses when it does.”
The timing of the remark is notable. Schiff’s post came as Michael Saylor disclosed that Strategy had acquired another 34,164 $BTC for about $2.54 billion at an average price of $74,395 per bitcoin. Saylor added that Strategy had achieved a 9.5% $BTC yield year-to-date in 2026 and now holds 815,061 $BTC acquired for about $61.56 billion at an average cost of $75,527 per coin.
Schiff Renews His Long-Running Bitcoin Warning
Schiff’s latest post fits a pattern he has maintained for years. Another X post circulating alongside the discussion showed one of his older warnings that Bitcoin could keep falling even after already losing most of its value, underscoring how consistently bearish he has remained on the asset.
This time, however, his criticism is aimed directly at the force he sees holding the market up: large-scale corporate accumulation. Schiff’s point is straightforward. He believes repeated, outsized purchases are propping up Bitcoin in a way that cannot continue forever.
Strategy Deepens Its Bitcoin Exposure Again
Strategy’s new buy was confirmed in an SEC filing dated April 20, 2026. The filing reported the latest acquisition and updated the company’s total holdings, which now stand above 815,000 $BTC.
That makes the scale of the bet even more striking. At an average cost basis of $75,527, Strategy is now holding bitcoin at a level close to the market’s current decision zone. The company is effectively increasing exposure while Bitcoin remains in a tight range rather than after a clean breakout.
Bitcoin Price Remains Near a Major Pivot Zone
Earlier market analysis showed Bitcoin compressing near the $75,000 to $76,000 resistance cluster after recovering from the $60,000 region.
That area remains the immediate pivot for the next larger move. A break higher could expose $79,000 and then $83,500, while failure there could send the price back toward support in the $73,500 to $74,500 zone.
That leaves Bitcoin at a key moment. Schiff sees a market being artificially supported by aggressive buyers. Saylor, by contrast, is still adding billions of dollars in exposure. For now, Bitcoin is sitting almost exactly where that argument matters most: near resistance, near Strategy’s average buy zone, and under renewed scrutiny from one of its loudest critics.
Related: Bitcoin Price Prediction: $BTC Builds Pressure at $75K as Market Awaits Breakout