Peter Schiff Calls Saylor's STRC a Ponzi Scheme — Says the Whole Thing Will Implode!

Peter Schiff, Chief Economist at Euro Pacific Asset Management and one of Bitcoin's most persistent critics, told Cointelegraph on May 13 that Michael Saylor's STRC operation is structurally a Ponzi scheme — even with Bitcoin trading near $82,000. His argument: legitimate finance services debt from earnings, but if Saylor refuses to sell Bitcoin, he must continuously raise fresh capital from new investors to pay existing obligations. That, Schiff says, is the definition of a Ponzi.

Schiff laid out the trap in stark terms. If Saylor sells Bitcoin to cover the 11.5% interest burden, the resulting supply shock crashes the market. If he holds and is later forced into liquidation during a downturn to repay principal, the losses would be massive and cascading — hitting not just STRC but the broader Bitcoin market that has priced in Saylor's perpetual accumulation.

The critique lands at a…