Crypto Scenario Insights
What happened
Analysts have dismissed concerns of a MicroStrategy liquidation cascade during Bitcoin price corrections, pointing to the long-term, non-callable structure of its convertible debt.
What we think
The most likely outcome is that MicroStrategy maintains its Bitcoin treasury without facing any forced liquidation, carrying a high probability of 60% for a neutral, orderly continuation of its strategy.
Read the analysis
MicroStrategy 'Death Spiral' Fears Rebutted — Real Structural Risk or Market Noise?
We explain what happened and what could follow. We do not forecast prices.