Peter Schiff Says Strategy’s STRC is a Ponzi Scheme: Here’s Why

Peter Schiff Says Strategy’s STRC is a Ponzi Scheme: Here’s Why

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Bitcoin critic Peter Schiff held a live audio Space on X earlier today, where he called Strategy’s preferred stock offering, STRC, “an obvious Ponzi scheme” and invited Michael Saylor and others to prove him wrong. The space ran for roughly two hours, with Schiff using most of that time to walk through why he thinks the product will eventually leave retail investors with nothing. Schiff opened the Space with a textbook definition: “A Ponzi, by definition, is when income paid out to existing investors comes from bringing in new investors, and then you take the money from the the new investors and use it to make

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