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Adam Back: Strategy Won’t Drop to Zero; Bearish Views on STRC Are Unfounded
Svmuu News: Crypto-punk pioneer Adam Back stated that the market’s negative view of Strategy and its preferred shares (STRC) is unfounded, as what Strategy is doing is essentially “selling Bitcoin to pay dividends,” without changing its Bitcoin reserve strategy, and is in fact “proving that it is possible to pay returns to investors through Bitcoin while reducing the debt-to-equity ratio.” Adam Back further pointed out that Strategy is demonstrating to the market a new financial model, in which Bitcoin may become an alternative asset to cash in the future for corporate asset management and capital operations. He noted that the FUD surrounding MSTR and STRC has been exaggerated, and Strategy will not “go to zero”; its long-term value lies in continuously holding Bitcoin and promoting market understanding of Bitcoin’s monetary attributes.
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