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Max Keiser warns companies to mimic Saylor's Bitcoin strategy
Max Keiser, a veteran Bitcoin maximalist, has warned that new companies adopting the Bitcoin reserve model following Michael Saylor's strategy may lack the discipline needed during an extended bear market.
Keiser wrote on X on May 30:
He emphasized that Strategy is the "Bitcoin of companies holding BTC."
The phenomenon of many companies copying the BTC strategy of Strategy exploded after the stock of this company peaked at $543 in November. Some notable names include Strive by Vivek Ramaswamy and Trump Media & Technology Group, which just raised $2.5 billion to buy Bitcoin.
However, Keiser and some analysts are concerned that the unusually high valuation of these companies is unsustainable — for example, Metaplanet is trading at a premium of over 600,000 USD for each BTC compared to the market price.