CoinDesk Podcast Network Peter Schiff Challenges Michael Saylor's BTC Strategy | CoinDesk Daily
Sep 29, 2025
Peter Schiff critiques Michael Saylor’s bitcoin strategy, arguing that large BTC exits could significantly impact market prices, unlike gold. The discussion explores liquidity dynamics between the two assets. Additionally, there’s a report on the potential for competition among stablecoins as new platforms emerge, promising better treasury yields. Bitcoin's recent price surge past $112,000 is also discussed, with analysts expressing caution about potential short-term dips.
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Liquidity Risk Comparison With Gold
- Peter Schiff argues Bitcoin's liquidity is shallow compared with gold, risking price impact for large sellers.
- This highlights a core question about whether Bitcoin markets are deep enough for major institutional holdings.
MicroStrategy's Latest Bitcoin Buy
- MicroStrategy bought another 196 Bitcoin for $22.1 million at an average price of $113,048.
- That purchase increased MicroStrategy's total holdings to 640,031 Bitcoin.
Stablecoin Yield Tension
- Dan Reeser warns stablecoin issuers keep massive U.S. Treasury interest while users earn nothing.
- Elevated rates make it likely users will demand yield or move to platforms that return interest to holders.