Schiff recently criticized Bitcoin again when the price was around $66,700. Interestingly, according to his long-term chart analysis, he sees potential support near $10,000, which would mean a brutal drop. Peter Schiff's news about Bitcoin always sparks debate, and this time was no exception.

What drew the most attention was his criticism of Michael Saylor's plan from MicroStrategy. Apparently, Saylor would be willing to refinance debt if Bitcoin falls to $8,000 to continue accumulating. Schiff questioned whether anyone would still take Saylor or Bitcoin seriously in that scenario, considering it would be a 94% drop from the all-time high of $126,000.

Meanwhile, gold remains above $5,000 per ounce, and Schiff took the opportunity to reinforce his stance that those who sold gold for Bitcoin made a mistake. The classic gold versus crypto debate continues to be hot on social media. Bitcoin was moving with volatility, briefly surpassing $68,000 before retreating. Trading volume dropped more than 10% in 24 hours, reflecting some market uncertainty. MicroStrategy has fallen around 18% so far this year, although it showed occasional rebounds in previous sessions.