- Schiff says tariffs hurt Americans, not foreign exporters or producers.
- Michael Saylor called a con man after CNBC interview airs.
- Crypto community reacts as Schiff reignites feud with Bitcoin supporters.
Peter Schiff has stirred controversy online after strongly criticizing the US government’s tariff policies and launching a direct attack on prominent Bitcoin advocate Michael Saylor. According to Schiff, the tariffs currently placed on imported goods do not harm foreign exporters anymore than one another, since all face the same rate. In reality, however, it is the American consumers who should shoulder the burden and end up paying a higher price.
Many of these imported goods are unavailable in the country or prohibitively expensive. As a result, US consumers are faced with fewer alternatives and are forced to bear the entire tariff burden. Schiff referred to the situation as a tax on ordinary people in America, namely, when foreign suppliers cannot afford to reduce their prices to pay the tariffs.
Just a few minutes after addressing the trade policy, Schiff targeted Strategy chairman Michael Saylor on CNBC. Rooting out the conspiracy of the network giving Saylor a free weapon, Schiff stated that it did not take it upon itself to challenge what he was saying. He further dismissed Saylor as just another con artist and called his raising the Bitcoin flag into question, stating that he has been a detractor of Bitcoin for years.
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Longstanding Crypto Critic Renews Attack on Bitcoin’s Leading Voices
The exchange triggered a heated response on X, where several users defended Saylor’s track record and corporate success. Schiff countered those defenses by claiming that deceptive individuals often find success when they can craft a convincing narrative. He suggested that Saylor’s messaging around Bitcoin is built to exploit public excitement and financial uncertainty.
This is not the first time Schiff has viciously attacked Saylor or the crypto community at large. He has been quite vocal in stating that he supports the use of gold and is anti-Bitcoin. In earlier remarks, he described Saylor’s Bitcoin price predictions as unrealistic and not based on economic factors.
Although Schiff is critical of digital assets, his views on topics such as inflation, debt, and fiat are similar to the mistrust people often feel toward Bitcoin. In previous comments, he dismissed Saylor’s Bitcoin price forecasts as unrealistic and disconnected from economic fundamentals.
Schiff’s new wave of tariff criticism, especially his tough stance on Michael Saylor, has sparked new discussions among people on trade policy and cryptocurrency. His outspoken views continue to divide opinion across financial and digital asset communities.
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