A repeated posting but worth r

A repeated posting but worth re-reading. A greater financial shenanigan is hard to find.

Ponzi in a nutshell is what Peter Schiff calls it. Some argue against this term but how do you explain issuing shares to pay dividends to old shareholders?

Peter Schiff Says Michael Saylor Strategy-Bitcoin Model Is 'Fraud' And MSTR Is 'Broken'

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Some argue against this term but how do you explain issuing shares to pay dividends to old shareholders?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/506276922905312","repostId":2588445772,"repostType":2,"repost":{"id":"2588445772","kind":"news","pubTimestamp":1764611040,"share":"https://ttm.financial/m/news/2588445772?lang=en_US&edition=fundamental","pubTime":"2025-12-02 01:44","market":"hk","language":"en","title":"Peter Schiff Says Michael Saylor Strategy-Bitcoin Model Is 'Fraud' And MSTR Is 'Broken'","url":"https://stock-news.laohu8.com/highlight/detail?id=2588445772","media":"Benzinga","summary":"Peter Schiff has cast doubt on Bitcoin (CRYPTO: BTC) and Strategy","content":"<div>\n<p>Peter Schiff has cast doubt on Bitcoin (CRYPTO: BTC) and Strategy (NASDAQ:MSTR), accusing Michael Saylor of running an unsustainable business model that he argues looks increasingly like a \"fraud.\"\n...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/25/12/49142784/peter-schiff-says-michael-saylor-strategy-bitcoin-model-is-fraud-and-mstr-is-broken\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeter Schiff Says Michael Saylor Strategy-Bitcoin Model Is 'Fraud' And MSTR Is 'Broken'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-02 01:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/25/12/49142784/peter-schiff-says-michael-saylor-strategy-bitcoin-model-is-fraud-and-mstr-is-broken><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peter Schiff has cast doubt on Bitcoin (CRYPTO: BTC) and Strategy (NASDAQ:MSTR), accusing Michael Saylor of running an unsustainable business model that he argues looks increasingly like a \"fraud.\"\n...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/25/12/49142784/peter-schiff-says-michael-saylor-strategy-bitcoin-model-is-fraud-and-mstr-is-broken\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://cdn.benzinga.com/files/images/story/2025/12/01/Silver-Bitcoin-Coin-On-Black-Background-_0.jpeg?optimize=medium&dpr=2&auto=webp&width=260","relate_stocks":{"83042":"华夏比特币-R","03008":"博时比特币","BK4585":"ETF&股票定投概念","BK1611":"加密货币现货ETF","STRK":"MICROSTRATEGY 8.00% SERIES A PERPETUAL STRIKE PFD","BK4516":"特朗普概念","MSTR":"Strategy","03439":"嘉实比特币","BK4596":"哈里斯概念","BK4588":"碎股","BK4600":"加密货币概念","BK4594":"比特币ETF概念","09042":"华夏比特币-U","BK4601":"加密货币现货ETF","BK4595":"比特币概念","09008":"博时比特币-U","03042":"华夏比特币ETF","BK4023":"应用软件","09439":"嘉实比特币-U"},"source_url":"https://www.benzinga.com/crypto/cryptocurrency/25/12/49142784/peter-schiff-says-michael-saylor-strategy-bitcoin-model-is-fraud-and-mstr-is-broken","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588445772","content_text":"Peter Schiff has cast doubt on Bitcoin (CRYPTO: BTC) and Strategy (NASDAQ:MSTR), accusing Michael Saylor of running an unsustainable business model that he argues looks increasingly like a \"fraud.\"\nWhat Happened: In a new X post, Schiff claimed Strategy is approaching collapse, alleging Saylor was \"forced\" to sell company stock to raise U.S. dollars, not to buy additional Bitcoin, but to cover interest and dividend obligations.\nSchiff argues the company's business model is unsustainable. Since it has no meaningful operating income, it can only continue paying dividends by issuing more preferred shares at 8%–10% unless it sells Bitcoin. \nHe likened this behaviour to a Ponzi-like structure, declaring the stock \"broken\" and calling Saylor \"the biggest con man on Wall Street.\"\nHe also criticized mainstream financial media for presenting Saylor in a positive light, urging investors to be skeptical of commentary from public-facing personalities.\nBenzinga contacted Strategy for comment but did not receive a response.\nAlso Read: Peter Schiff Says Bitcoin, Ethereum Treasury Companies Have ‘No Viable Business Model’\nWhy It Matters: Schiff reiterated his long-standing view that gold is superior to Bitcoin, arguing its value is grounded in objective physical properties and industrial utility. \nBitcoin, he says, is \"purely subjective,\" offering no real-world use case, one reason he believes BTC is falling even as gold rallies.\nHe noted that the NASDAQ remains near all-time highs, framing Bitcoin's decline not as a risk-off move but as investors rotating out of what he calls a \"fake asset\" and into tangible commodities such as gold.\nMeanwhile, CryptoQuant data shows Strategy currently holds 649,870 BTC, valued at more than $48.3 billion, up significantly from under 500,000 BTC in January 2025.\nRead Next:\nImage: Shutterstock","news_type":1,"symbols_score_info":{"83042":0.6,"09008":1.5,"03439":0.9,"STRK":0.6,"MSTR":1,"09439":1.5,"03008":0.9,"03042":1.5,"09042":1.5}},"isVote":1,"tweetType":1,"viewCount":164,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":203,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/506276922905312"}