Peter Schiff Warns of a “Death Spiral” in MicroStrategy’s Bitcoin Strategy

Peter Schiff is warning that MicroStrategy’s Bitcoin-backed yield strategy is heading toward a death spiral, claiming the company’s expanding STRC preferred stock issuance now threatens both MSTR shares and Bitcoin itself. The economist and longtime Bitcoin (BTC) critic argues that Strategy’s variable 11.5% dividend cannot be funded without selling Bitcoin or attracting an endless stream