Peter Schiff Surprised by Bitcoin’s Strength as Michael Saylor’s Strategy Boosts BTC Holdings to 848,250
Schiff continues to expect further declines, but Strategy’s latest purchases highlight the company’s commitment to Bitcoin as a long-term treasury asset.The contrasting developments come as Bitcoin’s technical indicators show a generally constructive trend, supported by major moving averages, although momentum signals remain mixed. Market participants are watching whether can sustain its recovery and overcome nearby resistance levels.Peter Schiff Questions Bitcoin’s Resilience as Gold Reverses GainsEconomist and gold advocate Peter Schiff acknowledged that Bitcoin has held up better than he anticipated, particularly compared with gold’s recent price movement. In a video clip shared by Scott Melker, Schiff contrasted BTC’s ability to retain its gains with gold’s retreat following renewed Federal Reserve signals about interest rates and inflation.“Gold lost pretty much the entire rally on all of the tough talk from the Fed about raising rates and fighting inflation. Bitcoin, on the other hand, held on to its gains,” Schiff said.Peter Schiff expressed surprise as Bitcoin held near $85,000 despite Fed signals, while gold retreated from $4,600–$4,700 toward $4,000. Source: @scottmelker via XSchiff described BTC’s recovery from approximately $60,000 to around $85,000, noting that the cryptocurrency had avoided a return to its earlier lows. Gold, meanwhile, had climbed to roughly $5,500 before falling toward $4,000, briefly recovering to approximately $4,600–$4,700 before retreating again.The comparison reflects different price trajectories rather than proof that Bitcoin will continue to outperform gold. Both assets can respond to changing interest-rate expectations, inflation concerns, liquidity conditions, and investor demand, but their market structures and underlying drivers differ.Despite acknowledging Bitcoin’s resilience, Schiff has not abandoned his bearish outlook. “I do expect it to go down. I do expect it to make new lows,” he said, adding that he had expected the decline to occur sooner.His comments highlight the uncertainty surrounding Bitcoin’s near-term direction. While the cryptocurrency has retained much of its recent recovery, Schiff’s forecast remains a market opinion rather than an established outcome.Michael Saylor’s Strategy Raises Bitcoin Holdings to 848,250 BTCWhile Schiff questions Bitcoin’s ability to sustain its gains, Strategy, led by executive chairman Michael Saylor, continues to expand its cryptocurrency reserves. The company acquired another 250 BTC for approximately $21.5 million, bringing its reported holdings to 848,250 BTC as of October 11, 2026.The position represents roughly 4% of Bitcoin’s maximum supply of 21 million coins. Strategy’s accumulation has made its corporate treasury model a prominent example of using BTC as a primary reserve asset.Michael Saylor acquired 250 BTC for $21.5 million and repurchased $192 million in STRC preferred shares, bringing Strategy’s Bitcoin holdings to 848,250 BTC. Source: Michael Saylor via XThe company’s reported average purchase price stands at approximately $75,444 per BTC. At a Bitcoin price near $86,000, that average would place its holdings above their aggregate acquisition cost before accounting for financing expenses, corporate costs, and other balance-sheet considerations. These figures do not mean the company has realized those gains, as the BTC remains subject to market-price fluctuations.Strategy also repurchased approximately $192 million of its STRC preferred shares. The transaction forms part of a broader capital-management approach that combines Bitcoin accumulation with different financing instruments.The company has used at-the-market equity offerings and other sources of capital to fund purchases. Its model gives investors different ways to obtain exposure to the business, including through MSTR common shares and preferred securities such as STRC. These instruments have different risk, return, and payment characteristics, and neither eliminates the volatility associated with Bitcoin-related corporate financing.Strategy’s continued accumulation contrasts with Schiff’s expectation of further price declines. However, corporate purchases alone do not establish the direction of the broader market, particularly when BTC remains sensitive to macroeconomic developments and investor positioning.BTC Price Analysis: Moving Averages Signal Strength as Momentum Remains MixedTradingView’s technical for BTCUSD showed a Buy rating, with 13 buy signals, eight neutral readings, and five sell signals across the monitored indicators. The assessment was supported primarily by moving averages, while oscillators offered a more cautious picture.The Relative Strength Index (RSI) stood at 53, indicating broadly balanced momentum rather than an overbought or oversold condition. The Commodity Channel Index (CCI) and Momentum indicator generated buy signals, while the Average Directional Index (ADX) and MACD showed signs of underlying weakness.Bitcoin (BTC) price chart. Source: Moving averages presented a stronger bullish structure. Bitcoin traded above its 50-day, 100-day, and 200-day exponential moving averages, which stood at approximately $80,215, $76,471, and $75,572, respectively. Its 200-day simple moving average was near $72,130.Trading above these longer-term averages can indicate that the broader price structure remains constructive. However, short-term indicators were less decisive, with the 10-day and 20-day simple moving averages both registering sell signals. This divergence suggests that recent price action has not produced a uniformly bullish reading across all time frames.The technical picture therefore offers support for BTC’s recovery without confirming that further gains are assured. A shift in market conditions could weaken the current structure, while sustained buying could help the asset challenge nearby resistance.Bitcoin Price Prediction: $84,700–$86,700 Resistance in FocusBitcoin’s depends partly on its ability to move through resistance around $84,700–$86,700. TradingView’s Camarilla pivot levels identified resistance near $84,705, $85,847, and $86,989, while Fibonacci calculations placed a key level around $86,710.A sustained move above this area could strengthen the recovery and bring higher resistance levels into focus. Classic pivot calculations place the first resistance near $88,986, followed by approximately $94,410. These are technical reference points rather than guaranteed price targets.BTC Liquidation Heatmap chart (24 hours). Source: CoinGlass via XOn the downside, the $81,800–$82,300 region represents an important area to monitor. The zone includes nearby pivot levels and sits around several shorter-term trend indicators. A sustained break below it could expose Bitcoin to support between approximately $76,500 and $79,000.The central pivot under the Classic calculation stands at $81,950, while the Woodie pivot is near $82,349. Holding above these levels would help preserve the current technical structure, although price movements around individual indicators do not independently determine the next trend.BTC was recently quoted at $83,347 on Bitstamp in the supplied market data, up $1,602, or 1.96%. That reading differs from the approximately $85,000–$86,000 levels cited in the comments about Schiff’s comparison and Strategy’s holdings. The figures represent different market references and should not be treated as simultaneous prices.Macro Outlook: Federal Reserve Policy and Bitcoin Treasury DemandFederal Reserve policy remains an important factor for both Bitcoin and gold. Expectations of higher interest rates can tighten financial conditions by increasing borrowing costs and making interest-bearing assets more attractive relative to assets that do not generate cash flow. Changes in those expectations can also affect liquidity and investor appetite for volatile investments.Bitcoin’s recent resilience, as described by Schiff, comes against this uncertain macroeconomic backdrop. His comments also touched on concerns about U.S. debt, housing risks, the reliability of economic data, and artificial intelligence’s economic impact. These broader issues can influence investor expectations, but their effects on BTC and gold are not necessarily direct or consistent.Strategy’s accumulation represents a separate source of demand linked to corporate capital allocation. Its purchases demonstrate the company’s continued commitment to its Bitcoin treasury strategy, but they do not establish that institutional or retail demand across the entire market is increasing at the same pace.The contrast between Schiff’s forecast and Saylor’s investment strategy captures two different views of BTC’s role in financial markets. Schiff expects prices to revisit lower levels, while Strategy continues to allocate capital to the asset despite its volatility.For now, Bitcoin’s position above several longer-term moving averages offers a constructive technical signal, while mixed momentum readings and nearby resistance leave room for further fluctuations. Whether the cryptocurrency can sustain its recovery will depend on price action, macroeconomic conditions, and the balance between buying demand and selling pressure.