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Ivan Liljeqvist questions a proposed strategy involving the issuance of STRC tokens to buy bitcoin.
He highlights the apparent contradiction of selling bitcoin at low prices to fund STRC dividends, then raising those dividends to boost the STRC price, ultimately to buy more bitcoin. Liljeqvist calls attention to what he sees as a circular and flawed approach to cryptocurrency investing.
Liljeqvist recently stated that bitcoin is in a strong buy zone at $62,600, while warning of persistent downward pressure on the price in his latest market analysis. Earlier this year, he noted that bitcoin was mirroring its 2022 bottom and anticipated a shift to a bullish trend by the fourth quarter in a separate commentary. These prior assessments come as he now raises concerns over strategies involving STRC token issuance for bitcoin purchases.