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This speculative setup has drawn considerable interest from investors, providing MicroStrategy with a continuous flow of capital to fund its Bitcoin acquisition strategy. The prevailing belief among many investors is that if Bitcoin keeps appreciating in value, MicroStrategy's stock price will likely follow suit, resulting in attractive returns for lenders.
However, Meron acknowledged the potential risks and uncertainties surrounding this strategy, suggesting that if MicroStrategy fails to attract enough future lenders willing to invest under these terms, the resulting sell-side pressure could dramatically affect Bitcoin’s price and MicroStrategy’s stock performance.