Salute to Michael Saylor: The True Hardcore of Bitcoin's Decline Behind Michael Saylor's tough guy, he is actually well prepared to deal with the black swan. The strategy earnings conference stated that only when Bitcoin falls to $8000 and lasts for 5-6 years, will it affect the strategy's ability to repay debts. Let me quickly explain to you why it is $8000 and 5/6 years, -Strategy: Bitcoin has no collateral, and no matter how the price drops, there will be no liquidation; -The cash in the strategy account can guarantee payment of interest for more than 2.5 years; -The debt of the strategy is long-term debt, with the majority due between 2029-2030, which is 4-5 years later -Long term debt is roughly equal to the BTC holding value at $8000 for Bitcoin, and only then will there be insolvency So, Michael Saylor can indeed be tough, what do you think of strategy risks?