Prominent gold advocate and cryptocurrency critic Peter Schiff has publicly questioned the Bitcoin investment strategy of MicroStrategy, led by Michael Saylor, five years after its inception. In a post on X (formerly Twitter), Schiff argued that the company's aggressive bet on Bitcoin has failed to generate staggering profits.
Schiff's analysis reveals that with an average Bitcoin purchase price of $75,000, MicroStrategy's unrealized gain stands at approximately 16%. He calculated this translates to an average annual return of just over 3%, which he deems insufficient given the asset's inherent risk and volatility. "$MSTR would have been much better off had @Saylor bought just about any other asset instead of Bitcoin," Schiff stated.
The critique comes as Bitcoin trades near $87,388, a period of relative stagnation for the pioneer cryptocurrency. Schiff contrasted this performance with physical gold, which has recently reached all-time highs of $4,300 per ounce, labeling the "digital gold" narrative a failure in comparison.
Market observers are now closely watching the resilience of MicroStrategy's strategy, which recently increased its Bitcoin holdings to 671,268 BTC. Despite a reported 207% surge in trading volume, the price shows signs of fragility. The debate has sparked broader conversations about cryptocurrency's role in long-term portfolios, the effectiveness of dollar-cost averaging strategies, and comparative asset performance during the unique market period from 2020 to 2025.
