Economist and market commentator Peter Schiff projected Monday that the next Bitcoin (CRYPTO: BTC) pullback would trigger an unrealized loss for Michael Saylor-led Strategy Inc. (NASDAQ:MSTR) on its BTC purchases.
What Happened: During his YouTube podcast, Schiff weighed in on Bitcoin recapturing the crucial $100,000 level and Strategy buying billions in the cryptocurrency funded by debt.
“His average cost now is almost 70,000 a bitcoin, so it’s getting higher and higher,” he said.
Schiff predicted that Strategy’s average acquisition cost might reach $70,000 by his next purchase, and the subsequent Bitcoin decline could push the firm “into the red” for the first time. “We’ll see what kind of fireworks that sparks,” he added.
Don’t Miss:
Hasbro, MGM, and Skechers trust this AI marketing firm — become an investor at $0.60/share before it’s too late.
The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — invest early at $2.25/share.
Strategy didn’t immediately respond to Benzinga’s request for comment.
Live podcast today at 8pm ESThttps://t.co/2Eub4R1DW9
— Peter Schiff (@PeterSchiff) May 12, 2025
Why It Matters: Saylor’s company Strategy, formerly MicroStrategy, has been heavily investing in Bitcoin. The firm reported acquiring 13,390 BTC for approximately $1.34 billion at an average price of $99,856 per coin on Monday, pushing their total Bitcoin holdings to 568,840 BTC, accumulated at a combined cost of $39.41 billion and an average purchase price of $69,287.
Notably, the Bitcoin treasury company came close to experiencing an unrealized loss on its investments last month after the apex cryptocurrency slipped below $75,000 following President Donald Trump’s sweeping tariff announcement.
Schiff, a fierce critic of all things Bitcoin, has consistently questioned Strategy’s Bitcoin playbook, arguing that its commitment to repay a large sum of money to debt holders could be at risk if the leading cryptocurrency falls sharply.
See Next:
Deloitte’s fastest-growing software company partners with Amazon, Walmart & Target — Get 4,000 of its pre-IPO shares for just $0.30/share.
Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — become an investor for $0.80 per share today.
Photo Courtesy: Wirestock Creators on Shutterstock.com
Peter Schiff Predicts ‘Fireworks,’ Says Michael Saylor’s Strategy Will See Unrealized Loss During Bitcoin’s Next Bearish Dip originally appeared on Benzinga.com.
