Peter Schiff warns of STRC collapse, potential lawsuits against MicroStrategy

Noted Bitcoin skeptic and gold bull Peter Schiff said on X that investors in MicroStrategy's (MSTR) preferred stock, STRC, will ultimately lose most of their investment. He predicted that the STRC price will collapse when Michael Saylor is forced to suspend dividend payments. Schiff added that this could be followed by lawsuits from investors claiming significant losses due to deceptive advertising, potentially creating legal liability for MicroStrategy.