On January 11th, according to Cointelegraph, finance professor David Krause said that a sharp drop in the price of bitcoin could seriously affect MicroStrategy, endangering its ability to repay its debt and possibly leading to financial distress or bankruptcy, triggering a stock sell-off. Financial analyst Jacob King said that when MicroStrategy's share price is higher than its net asset value of bitcoin, the company will raise funds through debt or equity to buy more bitcoin. This circular stra...
Campbell Harvey, a finance professor at Duke University, said of Mr. Trump's announcement of World Liberty Financial, a crypto project: "This move is consistent with Trump's pro-cryptocurrency policy stance. It's one thing to say you support crypto, it's another to start a company in this space." X Spaces, which lasted more than two hours yesterday, did not reveal the specific details of the project, nor did it reveal any details.