Renowned Bitcoin critic and gold advocate Peter Schiff has once again taken aim — this time at Michael Saylor, founder and executive chairman of MicroStrategy, for his bold declaration during the keynote at the Bitcoin MENA conference. Saylor claimed that his firm’s goal is to buy all available Bitcoin. “We’ll buy it all,” he stated confidently — a remark that drew immediate mockery from Schiff.
Saylor Aims to Turn the Middle East into a Bitcoin Sovereignty Hub
Michael Saylor delivered a 45-minute keynote speech to over 10,000 attendees including sovereign wealth fund reps, bankers, family offices, and hedge fund managers. He laid out a vision of transforming the Middle East into a global hub of Bitcoin-based financial infrastructure.
He described Bitcoin as “digital energy” — a programmable, scarce asset that could power a new era of economic sovereignty. MicroStrategy, which currently holds over 650,000 BTC, reaffirmed its commitment to aggressive accumulation, despite market fluctuations.
Schiff: That 8% Yield Exists Only in Saylor’s Imagination
Peter Schiff wasted no time in responding. He criticized not only Saylor’s maximalist approach to Bitcoin but also MicroStrategy’s use of preferred stock offering investors a promised 8% yield backed by the firm’s Bitcoin reserves.
But Schiff argued this yield only exists as long as Bitcoin’s price keeps going up. If the growth slows or reverses, the entire structure could collapse.
“There is no actual cash flow behind it. The yield only exists in Saylor’s imagination,” Schiff posted on social media.
Risk or Revolutionary Vision?
Saylor’s speech came shortly after MicroStrategy revealed its largest Bitcoin purchase in recent months. However, critics are warning that the strategy — built entirely on price speculation without generating real income — is dangerously fragile.
While Schiff believes it’s a bubble destined to burst, Saylor continues to promote Bitcoin as the only path to digital financial freedom.
#strategy , #Saylor , #PeterSchiff , #bitcoin , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Court Reaffirms Bitcoin’s Status as Property but Limits Tort Claims in $172M Case
A United Kingdom High Court’s recent ruling has clarified the legal status of bitcoin, stating that while it is considered property, it cannot be subjected to traditional legal claims applicable to physical goods.
The $172 Million Bitcoin Dispute
In a landmark ruling, the High Court of Justice cl
Coinpedia6m ago
BTC Falls 0.72% in 15 Minutes: On-chain Large Inflows to Exchanges Amplify Decline as Long Positions Liquidate
**March 18, 2026, 18:45-19:00 (UTC)**: BTC recorded a -0.72% return rate within 15 minutes, with price fluctuating between 70,946.6 and 71,615.2 USDT, reaching an amplitude of 0.93%. Market attention increased during this period with active trading volume. Short-term selling pressure dominated the market, causing significant short-term volatility.
The primary driver of this price movement was the concentration of large on-chain BTC inflows into mainstream exchanges. Two large transfers totaling 2,150 BTC were detected flowing into exchanges during the 18:45-19:00 period, and
GateNews19m ago
Bitcoin Hits $69K Triggering $192M Liquidations As Traders Eye Next Move
_Bitcoin moved to $69K liquidated $103M in short positions within a $192M total market wipeout._
_Key liquidity clusters now sit between $66K–$69K and $71K–$74K creating a balanced market setup._
_Traders monitor whether BTC holds above $69K or targets lower liquidity near $66K._
Bitcoi
LiveBTCNews36m ago
