Peter Schiff Blasts Bitcoin Bulls: STRC Discount Reveals Dividend Cut Risk
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Peter Schiff says STRC’s market discount signals Wall Street doubts about Bitcoin’s upside and highlights dividend-cut risk, arguing banks don’t expect even a 12% annual return for Bitcoin. Others counter that STRC could outperform Bitcoin if dividends hold and shares return to par, but planned buybacks may reduce cash reserves and avoiding Bitcoin sales raises liquidity and yield risks for crypto investors.
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- Schiff links STRC’s discount to weaker Wall Street confidence in Bitcoin targets today.
- Parker sees STRC beating Bitcoin if dividends hold and shares return to par soon enough.
- Strategy may avoid Bitcoin sales, though buybacks could still reduce cash reserves.
Economist and market commentator Peter Schiff has challenged Wall Street’s confidence in Bitcoin. He pointed to STRC’s market price as evidence. Schiff said bullish BTC targets do not match STRC’s discount, which he believes reflects dividend-cut risk.
In an X post, he said Wall Street is not putting its money where its mouth is. In his view, banks do not appear to believe Bitcoin can rise even 12% per year.
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