According to BlockBeats news, on December 3rd, capital advisor Jeff Walton released research indicating that MicroStrategy can ignore the issue of Bitcoin market bear prices plummeting to $20,000, as the company's Bitcoin assets will not be significantly affected.
Research shows that although the price of Bitcoin (BTC) may drop by 80%, MicroStrategy can still withstand this price crash. Despite MicroStrategy's Bitcoin exposure being higher than ever, and the company continuously purchasing more Bitcoin, analysis indicates that even a long-term price correction will not pose significant problems for MicroStrategy and CEO Michael Saylor.
Walton calculated that only when the price of Bitcoin falls to $18,826 will MicroStrategy's assets be less than its liabilities. The practice of incorporating Bitcoin risk into the company's balance sheet has faced considerable criticism. Furthermore, Bitcoin has indeed experienced an 80% retracement before. For instance, between November 2021 and November 2022, BTC/USD fell from $69,000 to a low of $15,600. However, for Walton, the arguments against companies adopting Bitcoin are almost devoid of logic.
