Bitcoin has no counterparty risk. No company. No country. No creditor. No currency. No competitor. No culture. Not even chaos.
Michael Saylor’s post claims Bitcoin has no counterparty risk, meaning it lacks dependency on any entity—company, country, or currency—unlike traditional financial systems where trust in a third party (e.g., banks) introduces risk of failure, as highlighted by the 2022 FTX collapse.
Saylor’s assertion contrasts with his earlier statement on April 10, 2025, that “Bitcoin is powered by chaos,” which sparked debate about its speculative nature and inefficiencies, like its 7 transactions-per-second limit compared to Visa’s tens of thousands.
