[CZ Comments on Strategy: Asset Structure Too Complex, but Considers Michael Saylor a 'Strong Bitcoin Supporter'] BlockBeats News, June 29: In an interview, CZ stated that the preferred stock structure of Strategy (STRC) is 'too complex,' adding that it 'took several attempts to fully understand STRC.' This product relies on Bitcoin as the underlying collateral, which introduces a structural contradiction: while the long-term appreciation theory of Bitcoin may be reasonable, its volatility makes it challenging as a foundation for leveraged tools. CZ also emphasized that he does not comment on the credibility of its founder, Michael Saylor, but considers him a 'strong Bitcoin supporter.' [Original Link]
