After CZ, Peter Schiff Challenges new Crypto Titan to Debate

In Brief

• Peter Schiff has publicly challenged both Michael Saylor to debates, saying Saylor’s company is doomed to fail.
• The long-time Bitcoin critic continues to argue against major crypto figures despite their industry success.
• Recent market dynamics — a crypto correction and a strong gold rally — have amplified Schiff’s criticisms of Bitcoin.

Shedrach Kongvong 2025-11-17

Famous gold bug Peter Schiff has challenged Strategy Founder Michael Saylor to a public debate, stating his company is a fraud. This is coming after the Bitcoin critic challenged Binance Co-founder Changpeng “CZ” Zhao to a similar debate which he has accepted.

Schiff in an X post said the business model of Saylor’s company is based on fraud, and that the company will certainly go bankrupt regardless of what happens to Bitcoin.

Schiff, who earlier challenged CZ, looks forward to debating both founders at the Binance Blockchain Week in Dubai in early December.

MSTR’s entire business model is a fraud. Saylor and I will both be speaking at Binance Blockchain Week in Dubai in early December. I challenge @saylor to debate this proposition with me. Regardless of what happens to Bitcoin, I believe $MSTR will eventually go bankrupt. Let’s go!

— Peter Schiff (@PeterSchiff) November 16, 2025

Peter Schiff Tackles Crypto Titans

Peter Schiff is known for his consistent criticism of Bitcoin which has lasted for the sixteen years that the digital asset has existed.

This is despite the extraordinary performance of the coin over the years, with returns of several thousand times the initial price.

Crypto proponents like CZ and Saylor have also come under Schiff’s criticism for supporting what he calls a scam. Both crypto names have successfully built crypto empires — Binance and Strategy respectively — but Schiff believes they are in error.

His voice has grown even louder following the gold mega rally this year which resulted in the metal reaching a new all-time high of over $4,300.

Crypto Correction Strengthens Schiff’s Case

While Bitcoin has done extremely well over the years, its most recent performance doesn’t leave much of an impression.

The top digital asset has failed to make a significant recovery since it crashed below $110,000, causing the entire crypto market to continue in correction.

As a result, Schiff’s argument against it has grown stronger, especially as gold experienced a huge rally recently.