Vocal Bitcoin critic Peter Schiff seized on a viral, AI-generated meme from MicroStrategy co-founder Michael Saylor to mock Bitcoin investors. Saylor posted an image of himself in a McDonald's uniform with the caption "Will work for Bitcoin," a self-deprecating nod to the cryptocurrency's recent price decline.
Schiff quickly responded on social media, tweeting, "That's actually a good representation of what Bitcoin HODLers can expect in the future." His comment reignited the long-standing debate between Bitcoin advocates and skeptics regarding the asset's viability as money and a store of value.
The exchange occurs against a backdrop of significant market volatility. Bitcoin's price has fallen nearly 30% from its all-time high of $126,000 in October 2025, recently trading around $90,000. Schiff used the downturn to reiterate his stance, stating, "Gold didn't fail as money... Bitcoin has never been money and never will be." He consistently promotes gold as a superior, time-tested store of value.
Michael Saylor has a history of using McDonald's-themed memes during Bitcoin market downturns, a tradition that began during the 2022 crypto crash. These posts, including past images of himself behind a McDonald's counter, are intended to display unwavering, bullish commitment to Bitcoin with a sense of humor, even as the asset's value fluctuates.
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