Can MicroStrategy Levered Bitcoin Bet Crash The Market?

Can MicroStrategy Levered Bitcoin Bet Crash The Market?

As the Bitcoin market faced turmoil surrounding the possible bankruptcy of Genesis Trading and Digital Currency Group (DCG), chatter kept surfacing that Michael Saylor’s and MicroStrategy’s Bitcoin bet could be in jeopardy if the price continues to fall. This elephant in the room has been investigated by Will Clemente of Reflexivity Research and Sam Martin of Blockworks Research. In their report, they examine the questions of whether MicroStrategy has a Bitcoin liquidation price, how high it is, and how the …