Peter Schiff Challenges Michael Saylor and CZ to Bitcoin Debate, Labels BTC Strategy as ‘Fraud’

Prominent gold advocate and Bitcoin skeptic Peter Schiff has intensified his criticism of the leading cryptocurrency, publicly labeling a prominent Bitcoin accumulation strategy as fraudulent. In a bold move, Schiff extended debate challenges to two major industry figures: MicroStrategy Executive Chairman Michael Saylor and Binance co-founder Changpeng Zhao (CZ). The proposed debates are scheduled for December in the United Arab Emirates, setting the stage for a significant confrontation between traditional finance and digital asset proponents. Schiff’s accusations come amid ongoing tensions between gold traditionalists and cryptocurrency advocates regarding store-of-value assets. The challenge to Saylor specifically targets MicroStrategy’s corporate Bitcoin acquisition strategy, which Schiff characterizes as fundamentally flawed. Meanwhile, the invitation to CZ represents a direct engagement with one of cryptocurrency’s most influential exchange founders. These developments highlight the deepening philosophical divide within the financial sector as institutional cryptocurrency adoption continues to grow. The upcoming debates promise to address core questions about Bitcoin’s long-term viability, investment strategy credibility, and the evolving landscape of digital assets versus traditional safe-haven investments.