Crypto commentator Crypto Chase has taken aim at MicroStrategy’s massive Bitcoin accumulation, arguing the company’s strategy may actually discourage large investors rather than attract them — and warning of dramatic downside if those coins were ever sold. What Chase said - In a post on X, Crypto Chase said MicroStrategy’s enormous BTC stake is a “net negative” for institutional and high‑net‑worth adoption. He argued that the size of the position creates a concentrated tail‑risk that would repel the very investors many expect to be drawn to Bitcoin. - Chase dismissed the idea that Michael Saylor would capitulate if BTC trades below MicroStrategy’s average entry price (~$76,000). He believes Saylor will hold “to zero” unless compelled by the company’s board. - The pundit painted an extreme worst‑case: if MicroStrategy liquidated its holdings into the open market, Bitcoin could plunge toward $3,000 or below because, in his view, there aren’t enough bids to absorb that volume. To avoid total collapse, he suggested such sales would need to happen OTC — even naming the U.S. government or former President Trump as hypothetical buyers. Chase stressed this as a scenario, not a prediction; Saylor has repeatedly stated MicroStrategy does not intend to sell its BTC. Context: MicroStrategy’s purchases - Chase’s comments followed MicroStrategy’s latest disclosed $2.13 billion Bitcoin buy, which pushed the company past the 700,000 BTC mark. MicroStrategy now reports holding 709,715 BTC, acquired for roughly $53.92 billion at an average price of about $75,979 per coin. Market psychology and entry opportunities - Chase also suggested that fear and misinformation among less informed traders might briefly create buying opportunities if the narrative spread that MicroStrategy would be liquidated below its cost basis. But he cautioned that a forced sell‑off would be “game over” for Bitcoin’s price discovery. - He added he’s not confident Bitcoin will make new all‑time highs soon, citing sizeable overhead and a high “total cost of ownership” for many buyers — noting some institutional breakeven/entry points sit north of $100,000 per BTC. A contrasting view - Chase’s post was a direct reply to fellow crypto commentator Ansem, who argued Bitcoin will function alongside gold and silver in portfolios and should benefit as institutions and wealthy individuals add small allocations. Ansem sees a drop below MicroStrategy’s ~$75,000 average as a capitulation event that could present a “generational buying opportunity.” He also said he doesn’t expect Bitcoin to trade below last cycle’s peak of ~$69,000 (2021 high). Takeaway Crypto Chase’s scenario underscores a key debate in the market: large, concentrated holders can be a double‑edged sword — signaling institutional endorsement while also creating systemic risk if a sale were ever forced. Whether that risk materializes depends on corporate intent (MicroStrategy’s stated no‑sell stance), market liquidity, and how narratives shape investor behavior in future drawdowns. Read more AI-generated news on: undefined/news

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