TechFlow News, May 6: In response to Michael Saylor, founder of Strategy, recently stating that the company might sell some of its Bitcoin holdings if it proves beneficial, economist and cryptocurrency critic Peter Schiff posted a comment on X, saying that Saylor’s “commitment” may help prolong the current system’s operation. However, Schiff expects Saylor is more likely to suspend dividend payments on the company’s perpetual preferred stock STRC—causing a sharp decline in STRC’s share price—rather than sell Bitcoin, thereby avoiding any negative impact on Bitcoin’s price.
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