Is the so-called 'cycle' a Ponzi scheme? The key is whether BTC can keep rising.

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CryptoFrontier
Benchmark Defends Strategy's STRC Bitcoin Accumulation Model
Benchmark analyst Mark Palmer defended Strategy's STRC preferred stock model against critiques framing it as a "circular" Ponzi scheme structure in a Wednesday report, arguing such characterizations "mischaracterize" how the company raises and deploys capital. According to Palmer's analysis, STRC
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