According to an industry executive, Strategy's Bitcoin purchases should be "super reckless" to drive the price up
Richard Byworth claims that a company like Strategy is not concerned about how high the price of Bitcoin goes; its focus is solely on the multiple of its net asset value.
Michael Saylor's strategy should take a more aggressive approach to buying Bitcoin by acquiring companies and using their cash reserves to fund the purchases, eliminating over-the-counter (OTC) purchases, according to a cryptocurrency executive.
"Saylor's strategy so far has been the right one," said Richard Byworth, partner at Syz Capital and advisor to Jan3, in a podcast on April 29.
Strategy should attempt a "super aggressive" purchase
