Updated: 20.04.2026
- Economist Peter Schiff has once again warned of a Bitcoin crash.
- Schiff’s post came as Michael Saylor announced that Strategy had made one of its largest Bitcoin purchases ever.
Renowned economist and Bitcoin critic Peter Schiff stated that without the aggressive buying of BTC, its price would be much lower. He warned that “a crash is inevitable.”
This is just crazy. I wonder how much lower it would be now. Bitcoin without all these purchases. This can’t go on forever. A collapse is inevitable. The more you build a pyramid, the greater the losses will be when it collapses, wrote economist.
It is noteworthy that Schiff’s post appeared at the same time as Michael Saylor announced that Strategy has acquired another 34,164 BTC for approximately $2,54 billion at an average price of $74,395 per coin.
Schiff’s latest post is consistent with his long-standing stance on the flagship cryptocurrency. He always stood out pessimistic about the asset. However, this time, his criticism is aimed directly at the force he believes is supporting the market—massive corporate accumulation. Schiff’s position is simple. He believes that repeated large purchases are supporting Bitcoin’s price, but this cannot continue forever.
At the time of writing the article Bitcoin rose to $76,192, up nearly 2% in the past 24 hours and more than 2% over the past week, According to Coin Market Cap.
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