Peter Schiff Says Saylor’s Newest Bitcoin Play Hides a Problem the SEC Hasn’t Caught
BeInCrypto
Peter Schiff has accused Michael Saylor of running a centralized Ponzi scheme via STRC and called for SEC investigation into its marketing to retirees.Summary
Economist Peter Schiff has publicly attacked Michael Saylor’s STRC preferred shares, labeling the instrument a "centralized Ponzi" scheme. Schiff argues that STRC lacks organic earnings, relying instead on fresh capital for distributions rather than business profits. He has formally questioned how the SEC allows Saylor to market these shares to retirees seeking stable, low-risk income, alleging that the marketing violates SEC antifraud rules given the underlying volatility of the company's Bitcoin-heavy portfolio.
(Source：BeInCrypto)