Peter Schiff calls BTC a decentralized Ponzi, STRC a centralized one

Prominent Bitcoin critic Peter Schiff, CEO of Euro Pacific Capital, argued that Bitcoin is a new form of decentralized Ponzi scheme during a discussion related to Strategy (MSTR). He explained that because BTC generates no profits or dividends, existing investors can only realize gains if new investors buy in at higher prices. Schiff further criticized Strategy's corporate preferred stock product, STRC, describing it as a typical centralized Ponzi scheme operated by the company. Previously, Strategy founder Michael Saylor had countered Schiff's allegations, stating that the CEO has never liked Bitcoin or the industry.