The CEO of digital assets treasury firm Strategy (MSTR), despite massive losses suffered by the company after Bitcoin (BTC), fell below $87,000, remains positive.
The world’s biggest corporate crypto-holder, Strategy is the largest investor in BTC.
Shares of the company fell by an 8.5% drop amid the decline in the cryptocurrency market.
Phong Le, in a recent interview, explains his belief that Bitcoin is likely to continue to generate returns even with the current economic downturn.
Bitcoin is a technology that requires a step-back. This is a unique technology that spans generations. This is a major capital market innovation, as well as a significant macroeconomic development. This makes it an asset class unique. “I don’t believe people will understand what this means over the short-term, but they are going to figure it out in the long run.”
Le predicts that Bitcoin will be up for the next year. He said that the impact of Bitcoin on the short-term is similar to other assets.
If I think about the future, 2026 is a year I am looking forward to. We’ll see the Fed become more dovish. As we approach the midterm elections, I believe we will see more buying of risky assets. The adoption of HTML0 by banks and states is expected to grow, so I am excited for the future.
BTC currently trades for $87.039 down 1% in the last 24 hours.
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