BTC skeptic Peter Schiff calls Strategy's STRC a Ponzi scheme

Euro Pacific Capital CEO Peter Schiff has criticized Strategy's STRC as a Ponzi scheme that will collapse once its dividend payments cease, BeInCrypto reported. Schiff argued that Strategy will eventually reach a point where its STRC dividend payments become unsustainable. At that juncture, he said, Michael Saylor will have to choose between selling his holdings or the preferred shareholders' stake. Schiff asserted that this structure is destined to collapse and emphasized that Bitcoin itself is a hybrid scam.