Investor Max Keiser questioned the ability of new Bitcoin treasury startups, which emulate the corporate reserve system of $BTC popularized by Strategy co-founder Michael Saylor, to maintain financial discipline during a prolonged bear market.
Keiser stated that the clones of Strategy have not been tested in a bear market. Strategy never sold and continued to buy, even when its position in BTC was at a loss. It is foolish to think that the new clones of Bitcoin Treasury Strategy will have the same discipline.
