Strategy Death Spiral: Is Bitcoin Really Going to Zero?

Sat, 04 Jul 2026 09:45:15 +0000

Bitcoin is roughly 15% below its October 2025 high of $126,000, Strategy’s MSTR stock is down more than 82% from its July 2025 peak, and its STRC preferred security has slipped from $100 to about $70 — but the “death spiral” and “Bitcoin is going to zero” headlines are describing a corporate-structure stress test at Strategy, not a repeat break in the four-year Bitcoin cycle itself.

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Strategy Death Spiral: Is Bitcoin Really Going to Zero?