Strategy CEO Compares Bitcoin to US Constitution: A System Governed by Transparent Rules

Strategy CEO Phong Le sees Bitcoin as the 'United States of money', a system governed by transparent rules, much like the American Constitution. He made this comparison while reaffirming his long-term confidence in the cryptocurrency and Strategy's Bitcoin-focused treasury strategy.

Le has invested around $1 million in Strategy's STRC preferred shares, which have broken even after recovering towards their target value of $100 par value. The company continues to expand its Bitcoin holdings, with 818,334 BTC held in its treasury.

Strategy's Executive Chairman Michael Saylor introduced the treasury strategy in 2020, and it has continued despite recent market volatility. Le expects Bitcoin could become a global reserve asset within the next decade, but notes this is his personal expectation rather than a certainty.