The recent surge in Bitcoin's price has sparked discussions among experts and investors. Longtime critic Peter Schiff has shared his insights regarding this phenomenon.
Corporate Bitcoin Purchases
According to Q2 2025 reports, over 46 public companies have added 159,000 BTC to their holdings, raising the total corporate holdings to about 847,000 BTC, or 4% of the total supply. Notable firms include GameStop, Trump Media, and Figma.
Peter Schiff's View
Peter Schiff claims that the driving force behind Bitcoin's rally is a wave of corporate treasury buys, referring to it as a 'Ponzi built on a pyramid'. He warns that if inflows slow down, the structure could collapse.
Support from Crypto Investors
Despite Schiff’s criticism, crypto supporters view the current trend as a sign of institutional validation. Meanwhile, U.S. lawmakers are considering pro-crypto bills like the CLARITY and Anti-CBDC Acts, which could further shape the crypto investment landscape.
In conclusion, Peter Schiff's perspective on Bitcoin sparks debates among financial professionals. Corporate purchases and government regulation may play crucial roles in the future of the cryptocurrency market.
