Peter Schiff intensified his criticism of Michael Saylor, alleging that Strategy’s preferred stock offering STRC was marketed as a low-volatility investment despite recent losses. Schiff characterized the product as a "Ponzi scheme" and questioned its promotion to conservative investors.

Saylor’s latest Bitcoin accumulation teaser has sparked debate over whether Strategy should continue raising capital for BTC purchases.

Economist Peter Schiff warned of complacency among Bitcoin (CRYPTO: BTC) enthusiasts on Tuesday, June 23, pointing to Strategy Inc.'s (NASDAQ: MSTR) ongoing market struggles.