Peter Schiff calls STRC a Ponzi scheme? On May 13, 2026, Euro Pacific Asset Management's chief economist and long-time Bitcoin critic Peter Schiff (@PeterSchiff) stated in an interview with Cointelegraph that despite Bitcoin nearing $82,000, Michael Saylor's Stretch (STRC) operational model is essentially a Ponzi scheme. He explained that legitimate finance repays debt through earned returns, whereas Saylor can only rely on raising funds from new investors to pay off old debts if he doesn't sell his Bitcoin holdings. Schiff analyzed that if Saylor sells Bitcoin to cover the hefty 11.5% interest, it could trigger a price crash; if forced to liquidate during a major price drop to repay debts, he would face significant principal losses. Source: Cointelegraph