Bitcoin advocates question the resilience of newly minted BTC financial firms

Bitcoin advocate Max Keiser has expressed skepticism about newly established bitcoin finance companies, arguing that they have not yet been tested in a protracted bear market.
Keiser pointed out that these companies mimicked the corporate BTC reserve system promoted by MicroStrategy co-founder Michael Saylor, but their ability to maintain financial discipline during bear markets has not been proven. He stressed that Saylor had never sold bitcoin in previous bear markets, but continued to buy even when its bitcoin position was low.