Peter Schiff has intensified his criticism of MicroStrategy and its preferred stock offering, STRC, describing the structure as a pure Ponzi scheme tied to Bitcoin. The longtime gold advocate argued that the companys growing dependence on fresh capital and dividend obligations could eventually lead to financial instability. Schiffs latest comments came after MicroStrategy chairman Michael Saylor acknowledged that the company could sell part of its Bitcoin reserves if needed to maintain STRC dividend payments. According to Schiff, that public commitment is designed to preserve investor… Read more
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A multistate coalition told the Commodity Futures Trading Commission that sports-related prediction markets should remain under state gambling oversight, arguing the contracts function as wagers
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