Bitcoin Outlook Diverges as Schiff Stays Bearish and Strategy Adds More BTC
Peter Schiff maintained a negative view on Bitcoin even after acknowledging that it held up better than gold following recent Federal Reserve signals on rates and inflation. Strategy bought 250 Bitcoin for about $21.5 million, lifting its total to 848,250 BTC as of October 11, 2026. That holding equals nearly 4% of Bitcoin's 21 million supply, with an average purchase cost near $75,444 per coin.
Peter Schiff remains bearish on Bitcoin even while conceding it outperformed gold after the Federal Reserve's rate and inflation messaging. He noted gold gave back much of its advance, whereas Bitcoin held its gains and climbed from $60,000 to roughly $85,000 without revisiting earlier lows.
Strategy added 250 BTC for about $21.5 million, raising its total to 848,250 BTC by October 11, 2026. That equals almost 4% of the 21 million supply, at an average cost near $75,444 per coin. It also repurchased roughly $192 million of STRC preferred stock.
The split between Schiff's caution and Strategy's accumulation could shape how retail investors, corporate treasurers, and market watchers interpret Bitcoin's role. Strategy's large holding may reinforce scarcity narratives and encourage other firms to consider crypto reserves, while Schiff's warnings may temper risk appetite. Near-term price bands could influence trading behavior and sentiment, affecting portfolios and financial planning for those exposed to crypto.