The comments come amid his claims that the Bitcoin “bubble has burst” during a one-on-one debate with investor Anthony Pompliano on Fox Business.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
“What Bitcoin has shown is that it is the best-performing asset over long periods of time,” Pompliano said — adding that Bitcoin’s 10-year compounded growth rate significantly exceeds that of gold.
The investor said volatility should not be viewed solely as a risk, arguing that substantial long-term gains often accompany large drawdowns.
“The reason why you need volatility is because when you get these massive moves up, of course there’s going to be drawdowns and consolidations,” Pompliano said.
Pompliano also argued that concerns about government money printing continue to support both gold and Bitcoin.
However, he said he prefers Bitcoin because of its higher upside potential and longer-term growth prospects.
Clash Over Government Support and Crypto Adoption
The two also sparred over whether Bitcoin has become part of the financial establishment it was originally designed to challenge.
Schiff argued that Bitcoin’s recent rise has been aided by political support and industry lobbying.
“The crypto community was among the biggest donors in the last election cycle,” Schiff said, accusing the industry of seeking political support to “prop up Bitcoin.”
Anthony Pompliano has remained bullish on Bitcoin. | Source: CCN.
Pompliano countered that politicians often embrace technologies and industries after they gain widespread public support.
“…one of the things that politicians are very good at is they’re very good at hearing what people think that they want,” Pompilano said.
“… it’s very funny, because four or five years ago every politician pretty much hated this stuff. All of a sudden, both left, Trump admits Republicans and Democrats, they all love it.”
Schiff Targets Strategy’s Latest Bitcoin Purchase
Schiff also recently criticized Michael Saylor’s Strategy and its continued efforts to acquire Bitcoin through capital markets transactions.
His comments followed Strategy’s disclosure that it had purchased 1,587 Bitcoin for approximately $100 million on Monday.
Responding to the purchase, Schiff said the company was now harming common shareholders to maintain returns promised to preferred shareholders.
So that’s your new strategy? Sacrifice common shareholders with a negative Bitcoin "yield" to keep paying the yield on the preferreds and prop up the Bitcoin price.
“Sacrifice common shareholders with a negative Bitcoin yield to keep paying the yield on the preferreds and prop up the Bitcoin price.”
Schiff argued that Strategy’s model had evolved from selling shares at a premium to issuing debt and preferred stock to fund Bitcoin purchases — and now relies on issuing common shares at a discount.
Long-Running Feud Between Schiff and Saylor
Schiff’s latest criticism is the newest chapter in a years-long public dispute with Saylor. The two have repeatedly clashed over Bitcoin’s value proposition.
According to data compiled by bitcoindeaths.com, Schiff has made at least 22 public declarations that Bitcoin was effectively “dead” since 2011, more than any other critic tracked by the website.
His first warning came when Bitcoin traded near $17, while the most recent bearish calls in early 2026 came when the price was between $60,000 and $65,000.
Based on Bitcoin’s price near the time of Schiff’s first recorded criticism, the cryptocurrency has risen more than 4,000-fold.
In April, Saylor responded to one of Schiff’s predictions by arguing that Bitcoin has been the best-performing major asset since Strategy began accumulating it in 2020.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
