Peter Schiff Calls Strategy’s Bitcoin Bet a “Ponzi Scheme” Amid Market Dip
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The post Peter Schiff Calls Strategy’s Bitcoin Bet a “Ponzi Scheme” Amid Market Dip appeared first on Coinpedia Fintech News
Economist Peter Schiff has criticized Strategy’s aggressive Bitcoin strategy, calling its high-yield “Stretch” preferred stock a Ponzi scheme. The company holds 843,738 Bitcoin purchased for nearly $63.9 billion, now worth slightly less after recent market dips. Schiff argues the firm depends too heavily on rising Bitcoin prices to support investor payouts. Supporters disagree, pointing out …
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