Back

Peter Schiff Calls Michael Saylor’s STRC Operation a Ponzi Scheme

In a Cointelegraph interview on May 13, 2026, Euro Pacific Asset Management Chief Economist Peter Schiff criticized the STRC operation while Bitcoin traded near $82,000.

BTC

Summary

Peter Schiff, chief economist at Euro Pacific Asset Management and a long-time Bitcoin critic, said in a Cointelegraph interview on May 13, 2026 that Michael Saylor’s STRC operation is a Ponzi scheme. The source says Schiff made the remark while Bitcoin was trading near $82,000. No further details about the structure of STRC or additional supporting statements are provided in the source.

Terms & Concepts
  • Ponzi scheme: A fraudulent investment structure that uses funds from newer participants to pay earlier participants rather than generating sustainable underlying returns.
  • Bitcoin: A decentralized digital asset that operates on a blockchain (shared digital ledger) without direct control by a central authority.
  • Blockchain: A distributed digital record system that stores transactions across a network of computers to make records difficult to alter.