Economist Peter Schiff has criticized MicroStrategy's Bitcoin-focused strategy, highlighting that the company's stock, which is not part of the S&P 500 index, would have ranked as the sixth worst performer with a 47.5% decline in 2025 if it were included. Schiff pointed out that Michael Saylor, MicroStrategy's executive chairman, has advocated for companies to invest in Bitcoin as an optimal strategy. However, Schiff argues that this approach has harmed shareholder value.