Strategy CEO: Bitcoin needs to drop to $8,000 and stay at that price for 5 years to threaten its debt repayment

ChainCatcher Message, Strategy CEO Phong Le stated at the Strategy Q4 Financial Results Webinar that Bitcoin needs to drop to $8,000 and stay at that level for five to six years before it poses a real threat to repaying its convertible debt. Strategy Executive Chairman Michael Saylor also dismissed concerns about quantum computing in Bitcoin, calling it “terrible FUD.”

Strategy reported a net loss of $12.6 billion for the quarter, primarily due to Bitcoin’s price falling below the company’s average acquisition cost, resulting in unrealized losses on its digital asset holdings.

Strategy CFO Andrew Kang said, “These results are clearly affected by the decline in Bitcoin’s market value at the end of the quarter, and we use a market value-based accounting approach.” However, Kang also pointed out that the company is pursuing a long-term strategy and added, “Even in the face of market volatility, we will continue to execute our established strategy.”