Peter Schiff Labels Saylor A Fraud, Bitcoin’s Year-To-Date Gains Disappeared Last Week: Bitcoin Forecast For 2026 End?

With the BTC USD value dropping below $100,000, BTC forecasting models are looking downtrend. The concerning part is that the situation may deteriorate further, particularly if digital gold plunges below $90,000.

Whenever the BTC price dips, MicroStrategy, the largest BTC holder globally, finds itself under increased scrutiny. Last week, when Bitcoin USDT dipped below $100,000, MicroStrategy’s net asset value (NAV) sank below 1.

Microstrategy mNAV drops to ~1x, cash on hand is $54mm,
Assuming all regular debt is 0% (it’s not), and $STRF/ $STRK preferreds are 8% or 10%. $MSTR may either sell stock, pay dividends in stock, or as a last option sell $BTC (which would create disastrous optics), thereby… pic.twitter.com/nysxTi2Qy4

— baran (@barankayhan) November 12, 2025

This was a significant alarm because it indicated that the total value of everything the public company owned was less than the worth of its BTC assets. Would they consider selling if the circumstances worsen? Will shareholders call for measures and safeguards?

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Peter Schiff Claims MicroStrategy and Michael Saylor Are Fraudsters

The reputation of MicroStrategy and Michael Saylor hinges on the recovery of Bitcoin and some of the best cryptos to buy. If there’s no rebound, Saylor risks being branded a fraudster and MicroStrategy being characterized as a major Ponzi scheme, as some critics argue.

Peter Schiff is now among those criticizing, as Bitcoin prices remain unstable. Schiff is known for his strong advocacy for gold and consistently believes that BTC and most “store-of-value” cryptocurrencies lack a viable future.

Interestingly, Schiff expresses no personal animosity toward Saylor. However, he is concerned about the business practices MicroStrategy has adopted. On Sunday, he referred to their treasury as a fraud and even challenged Saylor to a debate during the Binance Blockchain Week in Dubai scheduled for December.

In a post on X, Schiff stated that MicroStrategy’s strategy of depending on funds to acquire its “high-yield” preferred shares is not sustainable. He doubts whether the promised high yield will materialize at all.

MSTR’s entire business model is a fraud. Saylor and I will both be speaking at Binance Distributed record Week in Dubai in early December. I challenge @saylor to debate this proposition with me. Regardless of what happens to BTC, I believe $MSTR will eventually go bankrupt. Let’s go!

— Peter Schiff (@PeterSchiff) November 16, 2025

If they fail to deliver, he foresees a scenario where investors will hastily exit and offload MSTR preferred shares, triggering a downward spiral that could affect BTC and even some of the best Solana meme coins.

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Bitcoin Forecast: Will the Bitcoin USD Value Decline Persist?

Despite everything, BTC and crypto asset traders maintain a positive outlook.

Even though the MSTR mNAV fell below 1 last week before bouncing back to around 1.2 as of this writing, still significantly lower than the optimal 2, MicroStrategy did not liquidate any Bitcoin.

According to the data, their Bitcoin NAV, reflecting the trading market value of its BTC assets, is at $61,487, yielding a 26.1% return year-to-date at current BTC values.

(Source: Strategy)

Examining the daily Bitcoin chart, there’s base level at the $93,000 mark. If buyers capitalize at this price point, driving values upward, preferably beyond $100,000, MicroStrategy could catch a break.

On the other hand, any decline beneath last week’s low may lead bears to push the BTC value nearer to the BTC NAV, which would adversely affect MicroStrategy’s outlook.

On X, one analyst warns that should the BTC USD price decrease further and MicroStrategy is compelled to sell because of a declining NAV, the Bitcoin price might drop by more than 30%.

Breaking: MicroStrategy just traded BELOW its BTC holdings value for the first time since 2024.

The 300% premium era is dead.

And the forced-selling cascade that could tank BTC 30–50% is now closer than ever.

Here’s the cold truth nobody wants to say out loud.… pic.twitter.com/U1QGTi3aZK

— Andrea Lisi, CFA (@Andrea_Texas_82) November 15, 2025

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The post Peter Schiff Calls Saylor A Fraudster, Bitcoin’s YTD Gains Evaporated Last Week: BTC Prediction For 2026 Close? appeared first on 99Bitcoins.