Bloomberg: Sustainability of MicroStrategy’s Bitcoin buying strategy being questioned

In an opinion piece published by Bloomberg, columnist Lionel Laurent said that MicroStrategy’s plans to raise $42 billion to buy additional Bitcoin (BTC) raises the issue of sustainability. One obvious risk is that the price of Bitcoin stops rising and falls, Laurent pointed out. Even with whale buyers, Bitcoin could fall by more than 50%, putting MicroStrategy at risk, he added. Market research firm Citron Research released a report yesterday outlining that it had shorted MicroStrategy while remaining long Bitcoin. Laurent called Citron’s Microstrategy short a “wise move.”