Economist Peter Schiff: The assumption that Bitcoin rises 30% annually is unfounded.

TechFlow reported that on November 13, according to a post by economist Peter Schiff, the operational logic of Strategy's preferred shares STRC relies on its held Bitcoin appreciating by 30% annually, enabling the company to pay an annualized return of 12% to STRC shareholders while maintaining profitability.

Schiff argues that this appreciation assumption lacks justification. He stated that Bitcoin fell 6.5% last year and has already declined 17% year-to-date.