What is your critique of Michael Saylor's leveraged Bitcoin strategy?
Replied byMike Novogratz
Founder & CEO at Galaxy Digital
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: New York City, New York, United States
Started: 2018
He believes that buying massive amounts of Bitcoin with high leverage will prevent the price from dropping. I am skeptical of that logic. He structured MicroStrategy's contracts cleverly to allow optional dividends, but carrying that massive debt pile is a heavy burden.
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