David Schwartz, Chief Technology Officer at blockchain company Ripple, weighed in on the ongoing debate surrounding MicroStrategy (now rebranded as Strategy). According to him, it is not controversial to say the firm is “essentially a leveraged bet on Bitcoin.” If the price of Bitcoin were to crash sharply, Schwartz predicted the company would “do very badly.”

Controversy Around MicroStrategy and Bitcoin

MicroStrategy, led by Michael Saylor, has long been known as the largest corporate holder of Bitcoin. But this aggressive strategy has increasingly become a target for criticism.

On Monday, the discussion was reignited by Nick O’Neill, co-founder of BoDoggos Entertainment. On platform X, he released a video harshly criticizing Strategy. Shortly afterward, however, he returned with another video — this time reading out a bizarrely worded “clarification.”

“MicroStrategy is not a Ponzi scheme… Michael J. Saylor is legally and officially a good person,” read the statement O’Neill delivered straight to the camera.

The video quickly went viral — amassing more than 1.2 million views — and ignited heated debate across social media.

Social media users immediately speculated that MicroStrategy’s legal team had reached out to O’Neill.

“Blink twice if you’ve been served a cease & desist,” one user quipped.

Schwartz: He Was Pressured

Ripple’s David Schwartz also weighed in, saying it was highly likely O’Neill’s second video was the result of legal pressure.

“I’m sure he wasn’t happy with that statement. You can view MicroStrategy as a smart strategy or as nonsense, but people should be able to express their honest opinions without intimidation,” Schwartz argued.

At the same time, he noted that O’Neill should have realized “what he said was nonsense.”

MicroStrategy = Bitcoin With Leverage?

Schwartz summed up his stance clearly: MicroStrategy is essentially a leveraged bet on Bitcoin. If BTC rises, the company gains. But if the price collapses, the fallout could be devastating.

This episode highlights not only the heated debate around MicroStrategy’s Bitcoin strategy but also how legal pressure can shape — and sometimes silence — public discussion about crypto giants.

#Ripple , #davidschwartz , #MicroStrategy , #BTC , #CryptoMarket

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