Schiff claims that the driving force behind BTC’s rally is a wave of corporate treasury buys, calling it “a Ponzi […]
The post Peter Schiff Slams Bitcoin Rally as Speculative “Pyramid” Play appeared first on Coindoo.
Schiff claims that the driving force behind BTC’s rally is a wave of corporate treasury buys, calling it “a Ponzi built on a pyramid.”
In Q2 2025, more than 46 public companies added 159,000 BTC, raising total corporate holdings to roughly 847,000 BTC, or 4% of the total supply. Firms like GameStop, Trump Media, and Figma have recently joined the list.
Crypto supporters view this trend as a sign of institutional validation, especially as U.S. lawmakers weigh pro-crypto bills like the CLARITY and Anti-CBDC Acts.
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But Schiff sees only momentum chasing and warns that if inflows slow, the structure could collapse.
Despite being a longtime critic, Schiff’s voice continues to resonate in traditional finance, even as Bitcoin’s rise challenges the old guard.
The post Peter Schiff Slams Bitcoin Rally as Speculative “Pyramid” Play appeared first on Coindoo.
Source: https://coindoo.com/peter-schiff-slams-bitcoin-rally-as-speculative-pyramid-play/
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