Peter Schiff: BTC has fallen 30% since his sell recommendation last year, proving his point correct

Recently, economist Peter Schiff once again questioned Bitcoin. He stated that since recommending people sell Bitcoin at the Bitcoin conference last year, the price has dropped about 30%, confirming that his stance was correct.

At the 2025 Bitcoin conference, Peter Schiff called on attendees to sell their Bitcoin. At that time, the price was about $110k, and the market was wildly enthusiastic about the "Bitcoin Treasury Company" concept. A year later, Bitcoin has fallen to about $77k, a decline of nearly 30%.

Schiff used this to assert that the current hot topic of "digital credit" at this year's conference is also unlikely to have a future. He pointed out that Bitcoin Treasury Company was highly sought after near its peak last year, but this year the focus has shifted to digital credit, as a satirical comment on this new market concept.

He also used Strategy's holdings data to support his bearish stance. A year ago, the company held 2.76% of the total Bitcoin supply, now it has increased to 3.9%, a 40% market share growth, yet the Bitcoin price still dropped about 30%.

Therefore, Schiff believes that this behavior of buying more as prices fall has not prevented BTC's price decline, but rather shows that there is no necessary correlation between increased institutional holdings and rising prices.

Schiff also called Strategy's STRC preferred stock a "Ponzi scheme," because an 11.5% annual dividend far exceeds its software business revenue, effectively using new investor funds to pay dividends to old investors, indicating that the business model of STRC preferred stock is unsustainable.

However, critics quickly pointed out that Schiff has been warning against buying Bitcoin since 2013 when the price was $764, and he repeatedly issued similar warnings at $566, $3,870, and other levels, but BTC has already multiplied several times from those levels.

Meanwhile, Strategy co-founder Michael Saylor offered a completely opposite view at the conference. He believes that the financial markets are brewing a supply shock, which will drive Bitcoin prices higher and boost demand for Bitcoin bonds and digital credit products.

Saylor also predicts that within the next 12 months, financial institutions like JPMorgan and Citibank may inject $20 billion to $100 billion of new credit into Bitcoin, but the "circulating available Bitcoin" in the market is only about $10 billion, indicating a clear upward price trend.

#BTC