Strategy Inc. (NASDAQ:MSTR) CEO Phong Le drew parallels on Saturday between Bitcoin (CRYPTO: BTC) and the principles of freedom and opportunity that underpin the “American Dream.”
Le Recalls Journey As An Immigrant
Celebrating the U.S. 250th Independence Day, Le shared his story as a Vietnamese refugee who escaped in 1978 and succeeded in America through “education and hard work.” He credited the U.S. values of democracy, liberty, capitalism and entrepreneurship for aiding his success.
Le then steered the conversation toward Bitcoin, dubbing it the “United States of money.” He said that Bitcoin aspires to create a system governed by “transparent rules,” much like the American Constitution.
Why Bitcoin Is ‘Hope’
He added that Bitcoin is “hope” for those “who have worked hard for their money and want to protect it from monetary inflation.”
“It provides hope for those born in countries without reliable rule of law or economic freedoms,” the Strategy executive stated.
Drawing from his personal journey from Vietnam to America, Le equated the principles that shaped his life —clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction—to the principles that he believes Bitcoin embodies.
“America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network,” he said. “That is why Bitcoin is freedom.”
Is The Hope Diminshing?
Le leads Strategy, the world’s most prolific buyer of Bitcoin, with a stash worth $53 billion as of this writing.
However, concerns about the firm’s financial strength have risen after it disclosed Bitcoin sales last month, undermining the “never sell” thesis that bullish investors had counted on. Since the disclosure, the MSTR stock has plunged 37%.
Le reiterated his belief in Bitcoin as a hedge against inflation and “big government,” adding that Strategy would continue to be the biggest buyer of the asset, while continuing to sell BTC whenever “it makes sense” for the shareholders.
Price Action: At the time of writing, BTC was exchanging hands at $63,009.21, up 0.58% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 7.90% higher at $100.37 on Thursday. Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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