Economist Peter Schiff Calls Saylor’s STRC Model a Ponzi Scheme in Latest Remarks

Economist Peter Schiff said in a recent interview that Michael Saylor’s STRC-related strategy resembles a Ponzi scheme, even as Bitcoin holds above $80,000.

He explained that in traditional finance, debt is typically serviced through business earnings. In contrast, he argued that if Saylor chooses not to sell Bitcoin, continued reliance on raising new capital from investors would be necessary to meet existing obligations.

Schiff also warned that selling Bitcoin to cover interest payments could weigh on the market, while being forced to liquidate during a downturn could lead to significant losses on the principal.

Source: Cointelegraph