Peter Schiff Predicts 50% MSTR Stock Drop and Bitcoin Under $50K

During the Dec. 17 trading session, Strategy (MSTR) stock fell by 5.25% to $160 due to pressure from falling Bitcoin prices.
Economist Peter Schiff suggests that MSTR stock could drop to $80, indicating a potential 50% decline, possibly leading Bitcoin to fall below $50,000.
MSTR's market cap is close to its Bitcoin holdings, offering minimal premium over BTC.
Strategy faces financial challenges with $720 million in annual preferred dividend payments and a $1.44 billion capital buffer covering roughly 24 months.
An MSCI decision in the next 30 days could result in up to $2.8 billion in passive outflows if MSTR stock is excluded from relevant indices.
Michael Saylor continues buying Bitcoin, increasing holdings to 671,268 BTC, despite concerns about shareholder value.
Saylor remains confident about paying dividends for up to 75 years if Bitcoin maintains zero growth; even a 1.4% annual increase could sustain dividends indefinitely.
Point72 Asset Management, led by Steve Cohen, has invested approximately $65 million in MSTR by purchasing 390,666 shares.