Michael Saylor, Executive Chairman of Strategy, has declared that Bitcoin has found its market floor, with liquidation pressures largely dissipated. Saylor noted that the forced selling, which has been prevalent during recent months of market deleveraging, has mostly cleared, setting the stage for a potential rally. He reaffirmed Strategy's commitment to its long-term Bitcoin accumulation strategy, initiated in 2020 in response to declining cash yields. Saylor also mentioned that the firm would not encounter significant balance-sheet risks unless Bitcoin's value plummeted by over 90%, a scenario he considers highly unlikely.
Michael Saylor Asserts Bitcoin Market Bottom Is Established
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
