Bitwise CEO: Saylor's $STRC Is a Juggernaut in Its Early Innings
Speakers
Summary
Hunter Horsley, CEO of Bitwise, discusses the origin of Bitwise, why Facebook people build crypto projects, and how BlackRock's entry has been positive for the space. He expresses strong bullish conviction on Michael Saylor's STRC preferred stock, calling it a juggernaut in its early innings. Horsley also declares the four-year crypto cycle dead and describes a new mainstream chapter with institutional adoption.
- Bitwise was founded by former Facebook employees who saw blockchain's potential to solve internet fragmentation and trust issues.
- BlackRock's involvement in crypto is viewed as a net positive that attracts more investors to the space.
- Michael Saylor's STRC preferred stock is praised as an innovative instrument that offers stable NAV, high yield, and Bitcoin collateral.
- Horsley believes STRC will expand Bitcoin's role into fixed income markets and sees it as a juggernaut in its early stages.
- The four-year crypto cycle is declared dead; last year's down market broke the pattern.
- A new chapter of mainstream adoption with big institutions and fewer players is expected.
Trade Ideas
Stretch is a juggernaut in early innings.
STRC (MicroStrategy perpetual preferred stock) is a juggernaut in its early innings. It taps into first principles: investors want a stable NAV, yield greater than 10%, and view Bitcoin as a great store of value and collateral. The instrument is surprising and different, which is why it hasn't been done before, but it clearly appeals to fundamental investor desires. It will expand Bitcoin's role into the fixed income market and more institutions will adopt it over the next 12 months.
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This The Block video, published May 08, 2026, features Hunter Horsley discussing STRC. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Hunter Horsley · Tickers: STRC