Schiff Warns Of MicroStrategy’s ‘Death Spiral’: Says Dividends Can Just Disappear
Posted On November 18, 2025
Peter Schiff has reignited his feud with the Bitcoin (CRYPTO: BTC) world — this time taking direct aim at Michael Saylor and MicroStrategy Inc‘s (NASDAQ:MSTR) capital structure. In a flurry of posts on X, Schiff argued that the company’s high-yield preferred shares, marketed as income products, are dangerously misunderstood by investors.
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His warning was blunt: “Dividends are only paid if MSTR decides to declare a dividend… Undeclared dividends don’t …
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