Peter Schiff Says Michael Saylor Would ‘Crash STRC’ Rather Than Bitcoin By Suspending Strategy’s Preferred Stock Dividends

Economist Peter Schiff reacted on Wednesday to Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor’s admission about potentially selling Bitcoin (CRYPTO: BTC) to pay dividends on the firm’s preferred stock.

Schiff Attacks STRC Again

Schiff took a dig at Saylor and his firm on X, labeling the Perpetual Stretch Preferred Stock (NASDAQ:STRC) offering as a “Ponzi scheme” that gets prolonged by such commitments.

“But my guess is when the time comes, he’d suspend the dividend and crash STRC rather than crash Bitcoin,” Schiff predicted.

Strategy didn’t immediately return Benzinga’s request for comment

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