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But we saved everything 🙂.
Peter Schiff, CEO and Chief Global Strategist at Euro Pacific Capital, challenges Wall Street's credibility in supporting its optimistic Bitcoin price targets. Schiff notes that despite bold projections for Bitcoin, major banks do not appear to believe in annual gains of 12 percent. He points to STRC's trading position under $87, rather than near $100, as evidence that markets are factoring in a substantial dividend-cut risk.
Schiff has previously highlighted the decline in STRC, noting that the shares traded at 93.5 and pushed the yield to 12.3 percent, leaving early investors with losses of 6.5% earlier this year. He later pointed out that Strategy shares dropped below $85.50, resulting in a sharp discount to the company’s Bitcoin per share value in a separate report. These developments followed ongoing concerns over STRC’s dividend prospects.