According to Mars Finance, Strategy CEO Phong Le stated during Strategy's Q4 financial results webinar that Bitcoin would need to fall to $8,000 and remain at that level for five to six years before posing a real threat to repaying its convertible debt. Strategy Executive Chairman Michael Saylor also dismissed concerns about quantum computing in Bitcoin, calling it "terrible FUD." Strategy reported a net loss of $12.6 billion for the quarter, primarily due to Bitcoin's price falling below the company's average acquisition cost, resulting in unrealized losses on its digital asset holdings. Strategy CFO Andrew Kang stated, "These results are clearly influenced by the decline in Bitcoin's market capitalization at the end of the quarter, and we use a market capitalization accounting method." However, Kang also pointed out that the company has a long-term strategy, adding, "Even in volatile markets, we will continue to execute our established strategies."
Strategy CEO: Bitcoin needs to fall to $8,000 and stay at that price for 5 years before it threatens its debt repayment.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




