BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Bitcoin Hater Peter Schiff Predicts MicroStrategy Stock Collapse, Here is Why

by Sham
October 22, 2024
in BUSINESS, CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
A A
2
SHARES
33
VIEWS
Share on XShare in TelegramShare on Reddit
  • Peter Schiff warns that MicroStrategy’s stock (MSTR) is overvalued, trading at a 2.5x premium to the value of its Bitcoin holdings.
  • MicroStrategy has rebranded itself as a Bitcoin development firm and owns over 1% of all the Bitcoin that will ever be mined.
  • While MicroStrategy’s stock price is high relative to its Bitcoin holdings, Schiff’s warning likely stems from his skepticism towards Bitcoin itself.

MicroStrategy’s Bitcoin strategy has helped drive its stock price to new highs in recent years. However, not everyone is convinced this rally can continue. Noted Bitcoin critic Peter Schiff has sounded the alarm on MicroStrategy, claiming the stock is significantly overvalued compared to its Bitcoin holdings.

JUST IN: Gold maxi @PeterSchiff states MicroStrategy $MSTR is the most overvalued stock in the World Index pic.twitter.com/lwGZ5jCw5p

— BlockNews.com (@blocknewsdotcom) October 22, 2024

MicroStrategy’s Pivotal Embrace of Bitcoin

Since 2020, MicroStrategy has pivoted from an enterprise software company into a Bitcoin-focused firm. The company holds over 130,000 BTC on its balance sheet, making it one of the largest institutional Bitcoin investors.

MicroStrategy’s stock has massively outperformed the overall market since adopting a Bitcoin standard. The stock price is up over 1,500% compared to just 111% for the S&P 500 over the same period. This success has been attributed to its Bitcoin purchases by MicroStrategy leadership.

Peter Schiff Claims Massive Overvaluation

According to Peter Schiff, MicroStrategy’s stock valuation is disconnected from the value of its Bitcoin holdings. He claims the stock is trading at a 25x premium when comparing market capitalization to Bitcoin reserves.

Schiff believes MicroStrategy’s stock price is unsustainably high and destined for a steep correction. He warned the stock’s eventual crash will lead to a “real bloodbath.”

Ongoing Debate Over Bitcoin’s Worth

Peter Schiff is one of Bitcoin’s harshest and longest-standing critics. He has frequently argued that Bitcoin lacks inherent value compared to assets like gold.

Schiff’s comments on MicroStrategy likely stem from his skeptical view on Bitcoin in general. However, Bitcoin supporters point to its scarcity and adoption as key value drivers. The debate over Bitcoin’s intrinsic worth continues.

It remains to be seen whether Schiff’s dire predictions for MicroStrategy will come true. But his warning highlights the divisive views on Bitcoin’s fundamental value and role in the financial system. MicroStrategy’s performance has become a flashpoint in this heated debate.

Tags: BitcoinBTCMicrostrategyPeter Schiff
Tweet1ShareShare
Previous Post

Everything You Might’ve Missed About Tesla’s Massive Bitcoin Transfer

Next Post

Gary Gensler Stands Firm on Crypto Regulation Amid Trump Threats

DON'T MISS THESE! HOT OFF THE PRESS

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself
CRYPTO

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish
BITCOIN

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Crypto Liquidations Spike Near $1 Billion as Sentiment Flips Bearish: Here is What You Need to Expect
CRYPTO

Crypto Liquidations Spike Near $1 Billion as Sentiment Flips Bearish: Here is What You Need to Expect

July 18, 2025
Load More

Related News

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

$10 Trillion Asset Manager Charles Schwab Confirms Bitcoin and Ethereum Trading: Here is Why This is Bullish

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.