Max Keiser Questions New Bitcoin Treasury Firms’ Resilience

Max Keiser, a known Bitcoin advocate, recently expressed skepticism about new Bitcoin treasury companies’ durability during downturns, via his X platform on May 30, 2025.

These concerns highlight potential challenges for newer firms compared to Michael Saylor’s proven Bitcoin strategy, affecting investor confidence and market stability.

Max Keiser’s Skepticism on New Bitcoin Treasuries

Max Keiser, prominent Bitcoin maximalist, questioned the resilience of new Bitcoin treasury companies, emphasizing his skepticism via his X account. His remarks contrast Michael Saylor’s approach, who continues accumulating Bitcoin despite downturns.

The critique drew attention to the discrepancy in discipline and strategy between new entrants and corporate pioneers like Saylor. His stance raised concerns about market stability, as companies emulate Saylor’s approach.

Keiser’s Remarks Stir Crypto Community Debate

Keiser’s comments spurred discussion within the crypto community about the viability of mimicking Saylor’s strategy in a bear market. Some investors remain cautious, while others support new firms willing to take the risk.

Market analysts warn that excessive reliance on this strategy without adequate financial backing could lead to significant losses. The contrast with Saylor highlights the need for robust financial modeling to support such endeavors.

Bitcoin’s Bear Market Tests New Entrants’ Resilience

Historically, the crypto market has seen emerging companies falter under bearish conditions. Cory Klippsten of Swan Bitcoin suggests the current cycle’s volatility may test these firms’ resilience as previous trends show contrasting abilities to sustain strategies.

Max Keiser cautions against the blind adoption of successful models, urging thorough analysis of each company’s strategy. Current market dynamics necessitate a comprehensive understanding of long-term Bitcoin trends, focusing on preventive measures.

“The Strategy clones have not been tested in a bear market. Saylor never sold and just kept buying, even when his BTC position was underwater. It is foolish to think the new Bitcoin Treasury Strategy clones will have the same discipline.” — Max Keiser, Bitcoin Advocate, X (formerly Twitter), source