Peter Schiff: Michael Saylor May Not Sell BTC, More Likely to Suspend STRC Dividend Payments

In response to Michael Saylor, founder of Strategy, recently stating that the company might sell some of its Bitcoin holdings if it benefits the company, economist and cryptocurrency critic Peter Schiff posted a comment on X, noting that Saylor’s “commitment” may help prolong the operation of the current system. However, Schiff expects Saylor is more likely to suspend dividend payments on the company’s perpetual preferred stock STRC—causing a sharp decline in STRC’s share price—rather than sell Bitcoin, thereby avoiding downward pressure on Bitcoin’s price.