Peter Schiff dismissed Michael Saylor’s comparison between Bitcoin (BTC) and New York skyscrapers.
He argued that buildings throw off rent while holders of the asset receive no cash flow at all
The longtime gold advocate posted the rebuttal on X. The exchange reignited a recurring fight over whether the digital asset qualifies as productive or purely speculative. Saylor Frames Bitcoin as Real Estate Saylor has repeatedly likened Bitcoin to Manhattan property.
He frames Strategy’s holdings as a digital version of skyscrapers that appreciate while serving as collateral for new debt. He argues that debt-backed appreciating assets are how modern economies are built. The Strategy chairman reinforced that view at Bitcoin 2026 in Las Vegas.