Peter Schiff says Saylor could face civil liability over STRC losses

Noted crypto skeptic Peter Schiff has criticized MicroStrategy founder Michael Saylor following a sharp decline in the company's perpetual preferred stock (STRC). In a post on X, Schiff argued that he believes Saylor has deceived investors and could face civil liability if they incur significant losses. Schiff had previously suggested that MicroStrategy's STRC resembles a Ponzi scheme, warning that its price could plummet if market demand weakens.