Peter Schiff Agrees with Michael Saylor’s Bitcoin Take – But There’s a Catch

The crypto world was caught off guard when Peter Schiff, a gold advocate and notorious Bitcoin critic, publicly sided with Michael Saylor, one of Bitcoin’s loudest supporters and MicroStrategy co-founder, on a rare point of agreement.  While the two have frequently butted heads over Bitcoin’s role in the financial system, Schiff’s latest remarks show a rare moment of overlap. But don’t get too excited, the agreement comes with a side of sarcasm and skepticism.

Saylor’s Mantra: “One Bitcoin Equals One Bitcoin”

As the crypto market experiences yet another bout of turbulence, Saylor took to X to remind followers of Bitcoin’s long-term value proposition. “One Bitcoin equals one Bitcoin,” he posted, a statement that mirrors the foundational views of Bitcoin maximalists. The point highlights that just as gold remains valuable regardless of its market price, Bitcoin’s underlying worth isn’t shaken by daily volatility.

Saylor has long argued that Bitcoin is not just a digital currency but a long-term store of value—similar to digital gold. Despite the market dip, his message was clear: fluctuations are noise, Bitcoin’s value is in its scarcity and resilience.

Schiff’s Twist: Agreement with a Jab

Schiff, never one to miss a chance to critique Bitcoin, quoted Saylor’s tweet with a surprising take: “For once, I agree with Michael Saylor. One Bitcoin does equal one Bitcoin. A nothing is still a nothing.”

While technically agreeing with Saylor’s tautological statement, Schiff used it as a vehicle for mockery. To him, Bitcoin still holds no intrinsic value, regardless of how many times someone repeats the phrase. His stance is that Bitcoin is speculative at best and fundamentally worthless at worst, a view he’s held for years while championing gold as a “real” store of value.

Market Mayhem: A Shared Backdrop

The unlikely agreement comes amid widespread financial market turmoil. Stocks slid, cryptocurrencies fell, and investors scrambled for safety after new tariffs triggered fears of a prolonged economic conflict. Bitcoin dropped more than 5.7%, mirroring the red seen across traditional indices like the NASDAQ and Russell 2000.

This parallel movement has reignited debates around Bitcoin’s role as a hedge. Advocates once hailed it as a haven during times of global instability, but its recent price action tells a more complicated story. Schiff seized on this, arguing that Bitcoin fails as both a currency and a store of value.

Gold vs. Bitcoin: A Battle That Won’t End Soon

Despite this odd moment of agreement, Schiff and Saylor remain on opposite ends of the financial spectrum. Schiff continues to tout gold’s centuries-old legacy, pointing to its physical properties and historical reliability. Saylor, on the other hand, believes Bitcoin is the future—decentralized, borderless, and immune to government manipulation.

Their ongoing feud highlights a broader divide in modern finance, one between those who trust traditional assets and those betting on digital disruption. While Schiff’s agreement with Saylor made headlines, it’s clear that their philosophies still couldn’t be further apart.