In a recent social media post, Strategy founder Michael Saylor argued that Bitcoin poses no counterparty risk. He asserted: “No company. No country. No creditor. No currency. No competitor. No culture. Not even chaos.” This echoes his previous statement during a CNBC appearance in late 2024 where he highlighted the suitability of Bitcoin for investors seeking to avoid being reliant on ‘a country, a currency, a city, a company, a commodity, or a culture’. Saylor explained that counterparty risk occurs when another party fails to fulfill its obligations. In contrast, Bitcoin operates as its own sovereign money system independent of any specific policy imposed by corporations or governments.
Interestingly, despite being labeled as a risky cryptocurrency, Saylor emphasized that investors seek to avoid counterparty risks, aiming for absolute certainty and independence from external factors.
Saylor’s unwavering Bitcoin-only stance has even led him to advocate against stock recommendations. He previously told the PBD podcast: “I would not recommend a security because there is a counterparty to a security… It’s not because I am not in favor of your business…I think you have to stay in your lane. I am not going to give you a recommendation on diet or politics, or any particular investment.” This highlights his conviction and belief that Bitcoin represents the most reliable and secure asset class for investors.