Peter Schiff on Tuesday questioned why Bitcoin (CRYPTO: BTC) bulls consider $20,000 unrealistic when BTC traded at that level only in 2022.
Schiff Says Strategy’s Buying Couldn’t Stop Bitcoin From Falling 53%
Schiff pointed to Strategy Inc.’s (NASDAQ:MSTR) buying record as proof Bitcoin’s support is weaker than it looks.
Since October 2025, Strategy spent nearly $17 billion accumulating Bitcoin, yet price still fell 53% over that stretch despite the buying pressure.
“If Bitcoin was that weak with Strategy buying $17 billion, imagine how much weaker it will be with Strategy selling $3.25 billion, plus more to maintain its minimum U.S. dollar reserve,” Schiff wrote, referencing Strategy’s new Bitcoin monetization program authorizing up to $1.25 billion in potential sales.
