Economist Peter Schiff: Assumption of 30% Annual Bitcoin Gain Lacks Basis

According to TechFlow, on November 13, economist Peter Schiff said in a post that the operating logic of Strategy's preferred stock STRC is based on the assumption that the Bitcoin it holds appreciates by 30% annually, enabling the company to pay STRC shareholders a 12% annualized yield while remaining profitable.

Schiff believes this assumption of annual appreciation is unfounded. He stated that Bitcoin fell 6.5% last year and has declined 17% year to date.

Source: TechFlow