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ZEC $1,350 Peter Schiff Predicts Bitcoin Will Drop If Tech Stocks Pull Back
The economist says a tech-stock pullback could hit Bitcoin while Strategy's ability to raise fresh STRC funds remains in question.
Key takeaways
- The buy got smaller. Strategy bought 334 BTC for about $28.7 million, down from 1,665 BTC for roughly $142.8 million in late September.
- STRC has recovered. STRC traded near $99.40 after falling to about $75, with an $8.93 billion notional value and a 12% dividend.
- Bitcoin is up short term. Bitcoin traded near $86,000, up more than 4% in seven days and 8% in 30 days, but down 30% year over year.
What happened
Peter Schiff said Bitcoin could roll over, especially if the technology market pulls back. In his latest show, he argued that Strategy has lost the ability to use STRC to raise fresh money for Bitcoin purchases.
Strategy still bought 334 BTC for about $28.7 million and repurchased $176 million of STRC in its latest disclosure.
That was smaller than the 1,665 BTC it bought for roughly $142.8 million in late September, which came with $152 million of STRC.
The latest coins had an average price of $85,838.80. Bitcoin traded around $86,000, up more than 4% over seven days and more than 8% over 30 days, but down 30% year over year.
Strategy holds 848,000 BTC, equal to just over 4% of total supply.
Why it matters
The debate turns on STRC, which recovered to about $99.40 after falling to around $75 during the summer. Schiff credited buybacks and Bitcoin's move above $80,000, but said the rebound had not restored the company's ability to raise money through new STRC issuance.
Strategy separates a $4.88 billion USD Reserve, for preferred dividends and debt interest, from $833.4 million in USD Cash that can fund Bitcoin purchases. The filing showed $15.7 million in net proceeds from MSTR common-stock sales.
STRC has a reported notional value of $8.93 billion, a 12% variable dividend and a 12.07% effective yield. Strategy also reports a $21 billion gain on digital assets in Q3 2026.
What the data shows
The company repurchased about $176.3 million of STRC, mostly from its USD Cash balance and interest on cash and short-term investments.
Schiff pointed to softer PCE inflation, poorer-than-expected employment figures and lower expectations of an October rate hike, while bond prices were falling. Oil was near $91 a barrel after a G7 pledge to release 100 million barrels.
At the time of recording his show, Bitcoin was around $84,500 and had gained almost 1% on the week.
Earlier disclosures put Strategy's holdings at 848,000 BTC as of 10/4/26 and 847,666 BTC as of 9/27/26.
What is still unclear
- The reports do not establish that a technology-stock correction is already underway, only Schiff's reading of broader market strain.
- The reports also do not establish that Bitcoin must fall if tech stocks do fall.
Questions readers ask
Why does Peter Schiff think Bitcoin could drop?
He warns that Bitcoin could roll over if the technology market pulls back. He also says Strategy can no longer raise money through new STRC issuance to buy more BTC.
How much Bitcoin does Strategy hold?
Strategy holds 848,000 BTC, just over 4% of Bitcoin's total supply.
How large was Strategy's latest purchase?
The company bought 334 BTC for about $28.7 million at an average of $85,838.80. That compares with 1,665 BTC for roughly $142.8 million in late September.
What has happened to STRC?
STRC recovered to about $99.40 after falling to around $75 during the summer. Its reported notional value is $8.93 billion, with a 12% variable dividend and a 12.07% effective yield.
