Bitcoin Maxi Max Keiser does not believe the hype surrounding new cryptocurrency holding companies
Bitcoin advocate Max Keiser has questioned whether the new Bitcoin treasury companies will show the same commitment as Strategy co-founder Michael Saylor.
According to Keiser's post on X on May 30, Saylor kept buying Bitcoin during previous market downturns without selling, even when his holdings were down. He pointed out that the Strategy imitators have not yet faced a real bear market. Based on this, Keiser warned that it may be unrealistic to assume that these new companies will remain stable if prices drop.
Max Keiser raises doubts
In a post on X on May 30, Keiser wrote: "The clones of Strategy have not been tested in a bear market. Saylor never sold and just kept buying, even when his BTC position was submerged. It is absurd to think that the new clones of the Bitcoin Treasury Strategy will have the same discipline."
He had already compared Strategy to "the Bitcoin of Treasury bond investments of $BTC ," implying that other companies will struggle to match that level of conviction. Short trades and quick buybacks have propelled some imitators so far. Holding long positions in a downtrend? That's another story.
