Peter Schiff, Chief Economist at Euro Pacific Asset Management, has labeled Michael Saylor's STRC operation a Ponzi scheme in a recent interview. Despite Bitcoin's price nearing $82,000, Schiff argues that Saylor's strategy relies on raising new capital to meet existing obligations, rather than generating earnings to repay debt. Schiff warns that selling Bitcoin to cover the 11.5% interest could crash the market, while liquidating during a downturn could lead to significant losses.
Peter Schiff Criticizes Michael Saylor's STRC as Ponzi Scheme
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