Strategy CEO Bitcoin Comparison: Phong Le Says Bitcoin Mirrors Early Apple and Netflix

The post Strategy CEO Bitcoin Comparison: Phong Le Says Bitcoin Mirrors Early Apple and Netflix appeared on BitcoinEthereumNews.com.

TLDR: Phong Le says Bitcoin should be judged as a product, similar to early Apple, Netflix, and the internet era Strategy’s 2020 Bitcoin purchase focused on long-term treasury preservation, not speculative price appreciation Preferred stocks like Strike and Strife were created to access liquid capital without heavy common equity dilution Dividend sustainability relies on NAV strength, with Bitcoin sales considered only if NAV falls below one Strategy CEO Bitcoin comparisons to early Apple and Netflix framed key remarks made by Phong Le during an interview with What Bitcoin Did. In the interview, Strategy CEO Phong Le reflected on how his understanding of Bitcoin evolved after the company’s first purchase in 2020.  He compared Bitcoin’s early phase to formative technologies like the internet, the iPhone, and Netflix’s DVD-by-mail model. “You don’t win by forecasting returns,” Le said. “You win by recognizing a good product early.”  He described Bitcoin as a product whose value becomes clear through usage, not conventional valuation models. Le emphasized that Bitcoin’s long-term relevance comes from its design and global accessibility. “Great products are hard to price at the beginning,” he said, adding that intuition often precedes data.  His remarks positioned Bitcoin as a technology-driven asset rather than a speculative trade. Bitcoin as a Product and Corporate Reserve Le explained that Strategy’s initial Bitcoin purchase was a conservative treasury decision, not a directional market bet. “We were looking for something better than holding cash,” he said.  The company viewed Bitcoin as a long-term store of value rather than a short-term balance sheet trade. Tweets circulating after the interview echoed this framing, quoting Le’s focus on product quality. He also addressed why other corporations hesitated to adopt Bitcoin. “Boards have different levels of change tolerance,” Le noted.  He explained that many companies lacked familiarity with digital assets, leading to…