Jeff Park stated that in each cycle of the crypto market, project teams retreat amid doubts, but Michael Saylor has not received enough recognition for his unwavering commitment to his Bitcoin mission. He distinguishes between market fraudsters and Saylor, emphasizing that the core issue is not short-term price judgments, but rather Saylor's persistence in the face of continuous questioning, volatility, and industry cycles. Park proposed that "error correction is the starting point for infinite progress," using it as a framework for understanding long-term investment and technological iteration: acknowledging mistakes and continuous calibration is more important than maintaining superficial correctness. This statement did not disclose new financing, trading, holdings, or company operational data; it is a subjective evaluation of Saylor's personal strategic determination rather than a quantifiable market event. Saylor has long transformed the balance sheet and financing capabilities of Strategy into Bitcoin risk exposure, with his strategy essentially amplifying directional allocation to Bitcoin using public stocks, convertible bonds, and preferred shares as capital market tools. This model concentrates risk on two levels: Bitcoin prices determine asset-side volatility, while capital market financing conditions dictate the ability to continue increasing holdings; when crypto assets weaken or financing costs rise, leverage and equity dilution pressures will also increase. In market mechanisms, buyers who agree with this narrative will allocate Bitcoin spot, Strategy stocks, and its financing tools to gain leveraged Bitcoin exposure; conversely, funds may sell related securities due to net asset premium contraction, worsening financing terms, or Bitcoin pullbacks. The true beneficiaries are issuers who can finance at low costs and maintain long-term holdings, while those under pressure are latecomers chasing the same asset with high-cost leverage. Source: Public Information
Jeff Park Praises Saylor's Long-Term Bitcoin Belief, Crypto Projects Retreat Amid Doubts in Each Cycle
Jeff Park stated that in each cycle of the crypto market, project teams retreat amid doubts, but Michael Saylor has not received enough recognition for his unwavering commitment to his Bitcoin mission. He distinguishes between market…
ababnews.com
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Aug 26, 2026 at 2:24 AM UTC · 1 분 소요
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bitcoin
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BTC-1.86%$79,140
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10분 전
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Originally reported by ababnews.com
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