Strategy CEO Says Bitcoin Conviction Helped Company Survive Multiple 'Near-Death

Strategy's CEO Phong Le said the company's belief in Bitcoin has helped it survive multiple "near-death experiences" throughout its history.

Le added that the crypto downturn built resilience within Strategy's leadership and reinforced its long-term Bitcoin conviction.

Ripple CEO Brad Garlinghouse criticized Michael Saylor's leveraged Bitcoin strategy while maintaining a bullish outlook on Bitcoin itself.

Strategy CEO Phong Le says the company's unwavering conviction in Bitcoin has enabled it to weather repeated crises throughout its nearly four-decade history, arguing that periods of extreme stress, not bull markets, ultimately define great businesses.

Speaking in a June 19 interview, Le compared Strategy's journey to companies such as Amazon and Tesla, both of which endured multiple "near-death experiences" before becoming some of the world's most valuable corporations.

While acknowledging the psychological challenge of watching billions of dollars in unrealized losses accumulate during market downturns, Le said his confidence stems from a long-term belief in Bitcoin's underlying fundamentals.

His comments come as Strategy faces growing scrutiny over its increasingly levera

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/strategy-ceo-says-bitcoin-conviction-103634978.html)