Peter Schiff Declares Bitcoin a “Ponzi Built on a Pyramid”

Schiff says that today’s Bitcoin demand isn’t from everyday users or broader adoption, but rather speculative buying by bitcoin treasury companies and front-running investors He remarks that Bitcoin’s surge is not due to genuine utility or mass adoption In Q2 2025, public companies added 159,000 BTC, which brings total holdings to approximately 847,000 BTC (roughly 4% of total supply) Peter Schiff, a stockbroker and a well-known Bitcoin critic, argues that today’s Bitcoin demand isn’t from everyday users or broader adoption, but rather speculative buying by Bitcoin treasury companies and front-running investors. He labels this as a Ponzi scheme or “ Ponzi built on a pyramid ”, to quote his direct words. Schiff warns that the model may collapse if new inflows stop, since without mainstream use or real economic backing, he sees the setup as fragile and speculative. In Q2 of 2025, public companies added 159,000 BTC, which brings total holdings to approximately 847,000 BTC (roughly 4% of the total supply). More and more firms joined the trend (over 46, to be more precise), including GameStop, Figma, Sequans, and even Trump Media. Toda… The post Peter Schiff Declares Bitcoin a “Ponzi Built on a Pyramid” appeared first on Coin Edition .

Source: Coin Edition