Peter Schiff Calls Saylor A Fraudster, Bitcoin’s YTD Gains Evaporated Last Week: Bitcoin Prediction For 2026 Close?

Core Viewpoint - Bitcoin price predictions are bearish, especially with BTC USD falling below $100,000, raising concerns about MicroStrategy's financial stability and reputation [1][2]. Company Analysis - MicroStrategy, the largest holder of Bitcoin, faces pressure as its net asset value (NAV) fell below 1 when BTC USDT dropped below $100,000, indicating that the company's total assets were less than its Bitcoin holdings [1][2]. - The company's reputation is at stake, with potential accusations of fraud if Bitcoin does not recover, particularly for CEO Michael Saylor [2][3]. - Despite the NAV challenges, MicroStrategy has not sold any Bitcoin, and its Bitcoin NAV is currently valued at $61,487, yielding 26.1% year-to-date [5]. Industry Context - Peter Schiff, a prominent gold advocate, criticizes MicroStrategy's business model, suggesting it is unsustainable and could lead to a sell-off of preferred shares, negatively impacting Bitcoin and related cryptocurrencies [3][4]. - There is a critical support level for Bitcoin at $93,000; if buyers can push prices above $100,000, it may provide relief for MicroStrategy [6].