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Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, criticizes the decision to prioritize the protection of preferred shareholders over common shareholders by not selling Bitcoin.
Schiff suggests that this approach may be due to concerns about insufficient demand to absorb significant Bitcoin sales, resulting in a negative yield for Bitcoin holders.
Schiff has previously noted that Strategy shares have dropped below $85.50 and are trading at a significant discount to the company's Bitcoin per share value, according to an earlier statement. In another instance, he warned that the bond market is starting to break down, with potential spillover effects on stocks, housing, and crypto assets, as detailed in a recent comment. His latest remarks follow these ongoing concerns about market stress across multiple asset classes.