Summary
- Max Keiser recently raised questions about the rise in companies following a Bitcoin accumulation strategy.
- Keiser criticized that new companies imitating firms like Strategy lack the strength to endure a bear market.
- He noted that Trump Media & Technology Group and GameStop have also recently joined the Bitcoin accumulation movement.
Prominent Bitcoin (BTC) advocate Max Keiser recently questioned the growing number of companies implementing a Bitcoin accumulation strategy.
According to cryptocurrency specialist media Cointelegraph on the 1st (Korea time), Max Keiser, via his X (formerly Twitter) account, stated, "Clones (imitations) of Strategy (formerly MicroStrategy) have not been tested in a bear market," and added, "The CEO of Saylor Strategy did not sell Bitcoin in a bear market, even when the price dropped below the average purchase price."
Keiser further remarked, "Expecting new companies to behave like Strategy is foolish," and added, "They don’t have the endurance or strength to withstand a bear market."
This criticism from Keiser comes as many companies have started to imitate Strategy’s Bitcoin accumulation tactics in response to Bitcoin’s recent bullish trend.
Most notably, prominent companies such as Donald Trump’s Trump Media & Technology Group (TMTG) and GameStop have also joined the ranks of Bitcoin-accumulating firms. On the 30th, TMTG completed a $440 million fundraising, signaling the start of its own Bitcoin accumulation.
Uk Jin
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