Schiff Delivers Another 'I Told You So' as Strategy Racks Up $14.5B in Unrealized Losses—but Keeps Buying the Dip Anyway

Peter Schiff, the human embodiment of a broken record that somehow keeps spinning in crypto circles, has returned with another masterclass in Bitcoin skepticism. In his latest attack on the world's leading cryptocurrency, Schiff recently noted that if Bitcoin ends 2026 at $10,000, 'it will still be the best-performing asset over ten years.' Ah yes, Peter, just like how being the tallest person in a clown car makes you a supermodel. We're taking notes.

The gold bug also took aim at Michael Saylor's Strategy, dropping this gem on Twitter: 'I'm sure @Saylor will rely on that to keep pumping Bitcoin and issuing more shares of $MSTR to buy it. But a 92% decline will make it the worst-performing investment for most HODLers.' Schiff really said '92% decline' while gold bugs are still waiting for their golden chariot to arrive. The cope is real, folks.

Despite Bitcoin holding its own against Schiff's beloved gold and silver during times of uncertainty—like actually functioning as money during a global pandemic and various banking crises—he continues to dismiss the idea that Bitcoin holds any value against traditional assets. Schiff has repeatedly urged investors to 'buy silver' and gold, even as investor sentiment toward Bitcoin has increased. At this point, telling Schiff to buy Bitcoin is like telling your姻 uncle to switch from Fox News—the conviction is just too strong.

Schiff's latest remarks came after Strategy reported unrealized losses of $14.5 billion, as noted by the Wall Street Journal. The firm faced this massive loss in Q1 2026 as Bitcoin's value dropped from trading above $87,000 on January 1 to around $66,000 by March 31. Yes, you read that correctly—$14.5 billion in paper losses, and Saylor responded by buying more. Some might call this madness. Others call it conviction. The accountants just call