Arthur Hayes Says Michael Saylor Won’t Protect Bitcoin Investors
Bloomingbit Newsroom
Summary
- Cryptopolitan reported that retail investors should not rely too heavily on Strategy’s Bitcoin purchases.
- Arthur Hayes said Michael Saylor is there to protect Strategy, its shareholders and the company’s financial products, not individual Bitcoin holdings.
- Hayes said investors in Strategy’s preferred shares are relying on Saylor to continue dividend payments, adding that blindly trusting someone in the crypto market has rarely ended well.
Forecast Trend Report by Period
Retail investors should not rely too heavily on Strategy’s Bitcoin purchases, Cryptopolitan reported on May 24.
In an interview, BitMEX co-founder Arthur Hayes said Michael Saylor, Strategy’s executive chairman, is there to protect Strategy, its shareholders and the company’s financial products. He is not there to protect investors’ Bitcoin holdings.
Hayes added that investors in Strategy’s preferred shares are ultimately relying on Saylor to continue paying dividends. In the crypto market, blindly trusting someone has rarely ended well.
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