Death Spiral? Schiff Says Falling BTC Will Force Strategy to Sell More
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and U - are covering this story. TL;DR: Strategy authorized a Bitcoin monetization program of up to $3.25 billion earmarked for USD cash reserves and corporate stock buybacks. Financial commentator Peter Schiff calculated that the authorized capital is equivalent to the po…
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Schiff Warns Bitcoin Drop Could Trigger Strategy “Death Spiral”
TL;DR: Strategy authorized a Bitcoin monetization program of up to $3.25 billion earmarked for USD cash reserves and corporate stock buybacks. Financial commentator Peter Schiff calculated that the authorized capital is equivalent to the po…
Death Spiral? Schiff Says Falling BTC Will Force Strategy to Sell More
Financial commentator and long-time crypto skeptic Peter Schiff has sounded the alarm on Strategy's newly announced "BTC Monetization Program."