Strategy's Future Hinges on Bitcoin Becoming a Currency: Jeff Booth

Jeff Booth, co-founder of Ego Death Capital and Bitcoin investor, believes Strategy's long-term survival hinges on BTC becoming a real currency. In an interview with Scott Melker, Booth said that Strategy needs Bitcoin to develop as both a currency and an asset for its growth model to work.

According to Booth, if BTC remains only a financial instrument, Strategy could face government intervention due to its value being tied primarily to the underlying asset. However, he argues that if Bitcoin emerges as a currency, then Strategy becomes one of the most valuable companies around because they went early.

Booth criticized companies that create treasuries solely to buy BTC, stating that they miss the original logic of holding the asset. He prefers businesses that generate cash through ordinary operations and store part of it in Bitcoin.