Peter Schiff Warns of Potential Instability in Strategy's Bitcoin-Backed Model

Peter Schiff has expressed concerns about Strategy's Bitcoin-backed STRC model, suggesting it could face instability. According to NS3.AI, the preferred stock's variable dividend has increased to 11.5%, which Schiff believes could lead to reduced demand for STRC. Strategy currently holds 815,061 BTC following a $2.54 billion purchase on April 20. Schiff argues that a decline in STRC demand might exert pressure on both MSTR shares and Bitcoin.