Peter Schiff Calls Saylor A Fraudster, Bitcoin’s YTD Gains Evaporated Last Week: Bitcoin Prediction For 2026 Close?
BY
Ben Graham
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With the BTC USD price below $100,000, Bitcoin prediction models are bearish. The bad news is that it could get worse, especially if digital gold crashes below $90,000.
Every time the Bitcoin price ticks lower, MicroStrategy, the world’s largest holder of BTC, comes under renewed pressure. Last week, when BTC USDT fell below $100,000, MicroStrategy’s net asset value (NAV) fell below 1.
That was enough of a scare because it meant everything the public company held was less than the value of its Bitcoin holdings. Would they be willing to sell if the situation becomes dire? Will investors demand action and protection?
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Peter Schiff Says MicroStrategy and Michael Saylor Are Fraudsters
For MicroStrategy and Michael Saylor, their reputation depends on whether Bitcoin and some of the best cryptos to buy will recover. If not, there is a real risk that Saylor will be labeled a fraudster and MicroStrategy a big Ponzi as some critics claim.
Among those firing shots now that Bitcoin prices are shaky is Peter Schiff. Schiff is a big gold advocate and always thinks Bitcoin and most “store-of-value” cryptos don’t have a future.
Interestingly, Schiff has no problem with Saylor as a person. Instead, he is worried about the business model that MicroStrategy has employed. On Sunday, he called their treasury a fraud and even challenged Saylor to a debate at the Binance Blockchain Week in Dubai set for December.
In a post on X, Schiff thinks MicroStrategy’s model of relying on funds to buy its “high-yield” preferred shares is unsustainable. Schiff is skeptical whether the promised high yield will be paid in the first place.
If they never follow through, he predicts a situation where investors will rush for the exits and dump MSTR preferred shares, causing a death spiral impacting Bitcoin and even some of the best Solana meme coins.
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Bitcoin Prediction: Will the BTC USD Price Dump Continue?
Still, Bitcoin and crypto traders are optimistic.
Even after the MSTR mNAV fell below 1 last week before recovering to around 1.2 at press time, way lower than the ideal 2, MicroStrategy didn’t sell BTC.
From data, their Bitcoin NAV, that is, the market value of its Bitcoin holdings, stands at $61,487, offering a 26.1% yield year-to-date at spot Bitcoin rates.
(Source: Strategy)
Looking at the Bitcoin daily chart, there is a floor at $93,000. If buyers load up at this level, pushing prices higher, ideally above $100,000, MicroStrategy will find a breather.
Conversely, any drop below last week’s low could see bears push the Bitcoin price closer to the Bitcoin NAV, negatively impacting MicroStrategy’s prospects.
On X, one analyst suggests that if the BTC USD price falls further and MicroStrategy is forced to sell due to a falling NAV, the Bitcoin price could collapse by over 30%.
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Peter Schiff Calls Saylor A Fraudster: Bitcoin Prediction For 2026?
The post Peter Schiff Calls Saylor A Fraudster, Bitcoin’s YTD Gains Evaporated Last Week: Bitcoin Prediction For 2026 Close? appeared first on 99Bitcoins.