MicroStrategy's debt-for-Bitcoin strategy, which has allowed the company to increase its valuation significantly, may not be sustainable in the long term, according to Bloomberg Opinion columnist Lionel Laurent. Laurent points out the risks associated with the strategy, including the potential for a major Bitcoin price crash and MicroStrategy's high premium relative to its net asset value. However, MicroStrategy CEO Michael Saylor remains confident in the strategy, stating that investors have accepted the risk of a Bitcoin price crash.



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