{"id":17034,"date":"2025-12-01T21:16:03","date_gmt":"2025-12-01T21:16:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/schiff-takes-aim-at-saylor-declares-bitcoin-dead-wall-street-laughs-all-the-way-to-the-etf\/"},"modified":"2025-12-01T21:16:09","modified_gmt":"2025-12-01T21:16:09","slug":"schiff-takes-aim-at-saylor-declares-bitcoin-dead-wall-street-laughs-all-the-way-to-the-etf","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/schiff-takes-aim-at-saylor-declares-bitcoin-dead-wall-street-laughs-all-the-way-to-the-etf\/","title":{"rendered":"Schiff takes aim at Saylor, declares Bitcoin dead \u2014 Wall Street laughs all the way to the ETF"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Peter Schiff opened fire on X by declaring Michael Saylor the \u201cbiggest con man on Wall Street\u201d and calling Strategy\u2019s business model a fraud. <\/p>\n<p>Naturally, this served as the perfect segue into his favorite topic: Bitcoin is a \u201cfake\u201d asset.<\/p>\n<div id=\"cn-block-summary-block_ac3a43bb1bb121c6bfee5982dc3cbe90\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Schiff calls out Michael Saylor and Strategy while insisting Bitcoin is a \u201cfake asset.\u201d<\/li>\n<li>BlackRock\u2019s Bitcoin ETFs are thriving, with IBIT nearing $100B in assets despite market dips.<\/li>\n<li>Corporations and central banks are actively buying Bitcoin, proving the \u201cend\u201d isn\u2019t exactly trending.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On Monday, Dec. 1, Schiff <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/PeterSchiff\/status\/1995488341844959356\">called out<\/a> Saylor and didn\u2019t mince words:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cToday is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR\u2019s interest and dividend obligations. The stock is broken. The business model is a fraud, and Saylor is the biggest con man on Wall Street.\u201d<\/p>\n<\/blockquote>\n<p>Schiff also pointed out how the cryptocurrency slid 28% from all-time highs, while the Nasdaq sits just 2% below its peak. November\u2019s $500 billion wipeout, he <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/PeterSchiff\/status\/1995135621937975336\">argues<\/a>, is proof that investors are fleeing what he sees as an imaginary asset and racing toward \u201creal ones.\u201d <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin isn\u2019t selling off because it\u2019s a risk asset, but because it\u2019s a fake asset. The NASDAQ is less than 2% from its record high, yet Bitcoin is 28% below its record high. This shows that there\u2019s more than just risk-off at play. This is a rotation from fake to real assets.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1995135621937975336?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 30, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\"><strong>Bitcoin: \u2018Stronger\u2019 than ever?<\/strong><\/h3>\n<p>Bitcoin is breaking down again, Schiff <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/PeterSchiff\/status\/1995326563139629311\">posted<\/a> late Sunday. Over the past 24 hours, the world\u2019s top digital asset has been in the red, down over 6% at last check.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGekco<\/a><\/figcaption><\/figure>\n<p>Last month, Saylor seemed unfazed but the sudden market downturn and remains confident despite Bitcoin\u2019s recent pullback.<\/p>\n<p>Strategy, previously known as MicroStrategy, can handle extreme declines and is \u201cengineered to take an 80\u201390% drawdown,\u201d he said on Fox Business. Bitcoin will gradually decline further, Saylor predicts, adding that it will stabilize at roughly 1.5 times the S&amp;P 500\u2019s volatility while outperforming it proportionally, concluding that \u201cBitcoin is stronger than ever.\u201d<\/p>\n<p>He treats the drop from $110,000 to $81,000 as a personal victory lap \u2014 and boy, is it punchy.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Saylor vs. Schiff: Who\u2019s right?<\/strong><\/h3>\n<p>BlackRock\u2019s Bitcoin ETFs \u2014 barely two years old \u2014 are now the firm\u2019s most profitable product line, with IBIT climbing toward $100 billion in assets. Inflows continued even during November\u2019s slump. <\/p>\n<p>Robinhood is considering holding Bitcoin on its balance sheet, Kazakhstan\u2019s central bank plans a $300 million crypto allocation, and corporations from Strategy to Metaplanet are treating Bitcoin as a strategic asset, not a meme.<\/p>\n<p>Volatility? Sure. Dead? Not so much. For the moment, Wall Street sees revenue and governments see opportunities. <\/p>\n<p>Indeed, Schiff is loud, but the capital flows are louder.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff opened fire on X by declaring Michael Saylor the \u201cbiggest con man on Wall Street\u201d and calling Strategy\u2019s business model a fraud. Naturally, this served as the perfect&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17034"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17034\/revisions"}],"predecessor-version":[{"id":17036,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17034\/revisions\/17036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17035"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}