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Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor rejected claims that his company poses a systemic risk to Bitcoin (CRYPTO: BTC), arguing that the company has instead acted as a major source of liquidity and support during the current bear market.
‘We Are A Shock Absorber‘
Speaking at BTCPrague in a fireside chat with Julian Liniger, Saylor reassured Bitcoin remains the dominant global digital capital network and compared its current price action to prior periods when high-quality assets traded near long-term support.
Bitcoin has fallen from around $120,000 to roughly $60,000 over the past eight months, bringing it near its 200-week moving average.
Saylor described that level …
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