Economist Peter Schiff: The assumption that Bitcoin will rise 30% annually lacks basis.
Original headline经济学家 Peter Schiff：比特币年涨 30% 的假设缺乏依据
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Economist Peter Schiff argued on November 13 that Strategy’s preferred stock STRC rests on an unsupported assumption that bitcoin appreciates 30% annually, the return needed to fund STRC’s 12% annual payout to shareholders while keeping the company profitable. Schiff noted that bitcoin fell 6.5% last year and is down 17% year-to-date, undercutting the growth premise behind the instrument. The critique matters because STRC’s economics depend on bitcoin gains outpacing its 12% yield, so a prolonged drawdown could pressure Strategy’s payout coverage. Watch bitcoin’s price trajectory and any signal from Strategy on how STRC distributions would be sustained if returns stay below the 30% assumption.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Peter Schiff, Bitcoin (BTC), Strategy (MSTR), STRC
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