Michael Saylor Believes These ‘Headwinds’ Are Slowing Growth Of Strategy, Other Bitcoin Treasury Firms : ‘What We Need To Do Is…’
Michael Saylor, Executive Chairman of Strategy (NASDAQ:MSTR), identified several challenges he believes are hindering the growth of the company and the wider Bitcoin (CRYPTO: BTC) treasury industry.
Saylor Talks About ‘Headwinds’
During the company’s third-quarter earnings call. Saylor was asked about the specific “headwinds” to the industry and steps required to overcome those.
“The fact that Bitcoin is not viewed as capital by the traditional credit ratings industry,” Saylor replied. He argued that failing to consider BTC’s collateral value under traditional banking, insurance and credit rating rules is a “structural” problem.
Bitcoin’s perception as capital by the traditional credit ratings industry is the first major hurdle. He argued that classifying Bitcoin as collateral and assigning it a collateral value under conventional banking, insurance, and credit rating rules is a significant structural problem.
Saylor alluded to this point earlier in the year, stating that while equity offerings have helped fund BTC accumulation, the real breakthrough lies in creating …
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