Saylor and Chanos Clash Over MicroStrategy’s Valuation, Impacting Bitcoin-Backed Debt

Hedge fund manager Jim Chanos has challenged Michael Saylor’s valuation of MicroStrategy, a company heavily invested in Bitcoin. This disagreement, fueled by concerns over Bitcoin-backed debt, is affecting both MicroStrategy stock and the wider Bitcoin market. Saylor argues his strategy offers more value beyond just Bitcoin ownership, while Chanos remains skeptical regarding market fundamentals.