Strategy CEO: Bitcoin needs to drop to $8,000 and stay at that price for 5 years to threaten its debt repayment

Strategy CEO Phong Le stated during the Strategy Q4 financial performance webinar that Bitcoin needs to drop to $8,000 and stay at that level for five to six years to pose a real threat to repaying its convertible debt. Strategy Executive Chairman Michael Saylor also dismissed concerns about quantum computing in Bitcoin, calling it "terrible FUD."

Strategy reported a net loss of $12.6 billion for the quarter, primarily due to the price of Bitcoin falling below the company's average acquisition cost, resulting in unrealized losses on its digital asset holdings.

Strategy CFO Andrew Kang stated, "These results are clearly impacted by the decline in Bitcoin's market value at the end of the quarter, and we are using a market value accounting method." However, Kang also pointed out that the company is pursuing a long-term strategy, adding, "Even in the face of market volatility, we will continue to execute our established strategy."