The Bitcoin Historian @pete_rizzo_ published a post on X saying that “cypherpunk legend Adam Back” addressed the argument against Michael Saylor live on Bloomberg. The post centers on Strategy, the MSTR ticker, the STRC preferred stock referenced in the headline, and the debate over selling Bitcoin to pay dividends. Its main conclusion is direct: the FUD around MSTR and STRC is baseless, and Strategy is not going to zero.
Adam Back’s Bloomberg remarks as presented in the post
According to the X post, Blockstream CEO Adam Back spoke about the criticism directed at Michael Saylor and Strategy during a Bloomberg live appearance. The post uses emphatic wording, saying that Back “absolutely ends the argument against Michael Saylor live on Bloomberg.” It also states in capital letters: “$MSTR AND $STRC FUD IS BASELESS.” The available source does not provide a full transcript of the Bloomberg segment, but it clearly presents Back’s position as a defense of Strategy’s approach.
The clip attached to the post is shown with a runtime marker from 00:00 to 2:30. The post was dated June 21, 2026. Within the visible text, the discussion is framed around whether Strategy’s actions should be interpreted negatively. Back’s response, as quoted by the post, rejects that negative interpretation and places the company’s activity in the context of dividend payments and Bitcoin-based investor returns.
MSTR, STRC, and the dividend-payment argument
The post summarizes one criticism in the phrase: “THEY ARE SIMPLY ‘SELLING #BITCOIN TO PAY DIVIDENDS’.” In the post’s framing, this is the point Adam Back addresses. Rather than presenting the act of selling Bitcoin for dividends as evidence that Strategy is heading toward zero, the post says Back treats it as part of a process in which the company pays investors and manages its debt ratio.
A second quoted line says: “THEY ARE PROVING THEY CAN PAY INVESTORS WITH BTC AND REDUCE THEIR DEBT RATIO.” This is the post’s clearest explanation of the argument. It links Bitcoin-based payments to investors with a reduction in debt ratio. No additional balance-sheet figures, issuance terms, dividend rates, or capital-structure details are included in the source text, so the available information is limited to the quoted claim and the entities named in the post.
STRC is described in the headline information as Strategy’s preferred stock. The post groups STRC together with MSTR when discussing FUD, stating that negative views toward both are baseless. It does not provide the specific terms of STRC, nor does it list any additional securities data. The confirmed point is that Back’s Bloomberg comments, as shared by The Bitcoin Historian, are being used to rebut criticism involving Michael Saylor, Strategy, MSTR, and STRC.
Bitcoin replacing cash in the post’s framing
The post also quotes Back as saying: “THEY ARE TEACHING THE MARKET BTC WILL ONE DAY REPLACE CASH.” In the context of the post, this sentence connects Strategy’s Bitcoin-related financing and payment actions with a broader view of BTC as a cash substitute. The quoted language presents the company’s use of Bitcoin for investor payments as an example of how BTC can function in corporate finance.
The post’s final emphatic line is: “STRATEGY IS NOT GOING TO ZERO.” This sentence is the clearest conclusion in the source. It directly counters the negative view described earlier and reinforces the claim that MSTR and STRC FUD is baseless. The available post does not include a separate forecast, additional market reaction, or commentary from other speakers.
Post metrics and source details
The X page displayed 75,000 views for the post and a “Read 46 replies” prompt. The captured page information also included engagement counters of 46, 128, 1.1K, and 140. The source URL is the X post from The Bitcoin Historian @pete_rizzo_, and Foresight categorized the item under market analysis.
Based only on the visible source material, the article’s core facts are these: Adam Back, identified in the headline as Blockstream’s chief executive, appeared live on Bloomberg; The Bitcoin Historian posted that Back rejected the argument against Michael Saylor; the post says FUD around MSTR and STRC is baseless; it quotes Back as saying Strategy is selling Bitcoin to pay dividends, proving it can pay investors with BTC and reduce its debt ratio; and it concludes that Strategy is not going to zero.