Newer Bitcoin treasury companies have not yet been battle-tested in prolonged bear market conditions, the Bitcoin maximalist said.
Bitcoin (BTC) maximalist Max Keiser recently cast doubt on the ability of newer Bitcoin treasury companies, emulating the corporate BTC reserve system popularized by Strategy co-founder Michael Saylor, to maintain financial discipline during a protracted bear market.
According to the Bitcoin maximalist, Michael Saylor has weathered a previous bear market and continued to accumulate BTC with high conviction, a scenario that newer BTC treasury companies have yet to encounter. Keiser wrote in a May 30 X post:
“Strategy is the Bitcoin of BTC treasury plays. Proceed accordingly,” Keiser wrote in an earlier X post.
