Michael Saylor Says Strategy Is Bitcoin's 'Shock Absorber,' Not A Systemic Risk - Strategy (NASDAQ:MSTR)

Strategy Inc.

(NASDAQ:MSTR) Executive Chairman Michael Saylor rejected claims that his company poses a systemic risk to Bitcoin (CRYPTO: BTC), arguing that the company has instead acted as a major source of liquidity and support during the current bear market.

'We Are A Shock Absorber' Speaking at BTCPrague in a fireside chat with Julian Liniger, Saylor reassured Bitcoin remains the dominant global digital capital network and compared its current price action to prior periods when high-quality assets traded near long-term support.

Bitcoin has fallen from around $120,000 to roughly $60,000 over the past eight months, bringing it near its 200-week moving average.

Saylor described that level as a key long-term support zone and a rough measure of Bitcoin's "book value." He pushed back strongly against the idea that Strategy could destabilize Bitcoin.