Strategy CEO: Bitcoin needs to fall to $8,000 and stay at that price for 5 years before it threatens its debt repayment.

Strategy CEO Phong Le stated during the company's Q4 financial results webinar that Bitcoin would need to fall to $8,000 and remain at that level for five to six years before posing a real threat to repaying its convertible debt. Strategy Executive Chairman Michael Saylor also dismissed concerns about quantum computing in Bitcoin, calling it "terrible FUD." Strategy reported a net loss of $12.6 billion for the quarter, primarily due to Bitcoin's price falling below the company's average acquisition cost, resulting in unrealized losses on its digital asset holdings. Strategy CFO Andrew Kang stated, "These results were clearly impacted by the decline in Bitcoin's market capitalization at the end of the quarter, and we use a market capitalization accounting method." However, Kang also pointed out that the company has a long-term strategy, adding, "Even in volatile markets, we will continue to execute our established strategies." (The Block)