Gold advocate and longtime Bitcoin critic Peter Schiff has taken direct aim at Michael Saylor’s most famous prediction, and the math he is using is simple enough to make Bitcoin bulls uncomfortable.
In 2025, Saylor predicted Bitcoin would hit $1 million per coin if Strategy accumulated 5% of the total supply. Strategy currently owns 3.9%, having just added another 3,273 Bitcoin last week at an average price of $77,906 per coin. The company now holds 818,334 BTC acquired for approximately $61.8 billion in total.
If buying the last 231,666 Bitcoin had a certain impact on price, buying the next 231,666 to reach the 5% threshold should have a comparable effect. Based on that logic, Schiff concludes Bitcoin will be trading below $60,000 by the time Strategy reaches its target, not $1 million.
“Bitcoin will be below $60,000 when MSTR finally hits 5%,” Schiff wrote on X, where the post drew more than 56,000 views within hours.
The Exchange That Followed
When one user suggested Saylor should face regulatory scrutiny for making what they called wild financial claims, Schiff added that regulators had been bought and paid for with crypto money, a charge that drew both support and fierce pushback.
When a Bitcoin supporter told Schiff that Bitcoin would inevitably surpass gold and that he would get it at the price he deserves, Schiff responded that he would be able to buy it close to zero if he wanted to.
What Strategy Is Actually Doing
Despite the criticism, Strategy continues to accumulate without hesitation. Last week’s purchase of 3,273 Bitcoin for $255 million between April 20 and 26 was disclosed in an 8-K filing with the Securities and Exchange Commission on Monday, pushing the company’s average cost basis to $75,537 per coin.
The company remains the world’s largest publicly listed Bitcoin holder by a significant margin, and Saylor has shown no sign of slowing the buying programme regardless of where the price sits.
Whether Schiff’s prediction or Saylor’s holds up will ultimately depend on whether institutional demand continues to absorb supply faster than Strategy can accumulate it, a question that sits at the heart of the most consequential bet in financial markets right now
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