Semler Scientific Strategic Director: The process of Bitcoin integrating into the traditional credit system is still in the early stages.

[Semler Scientific Strategic Director: The Process of Bitcoin Integrating into the Traditional Credit System is Still in the Early Stages] Semler Scientific's Strategic Director Joe Burnett posted on the X platform, stating, “Compared to the B- credit ratings of MSTR and JBLU, it is becoming increasingly clear that the pace of Bitcoin's integration into the traditional credit system is still in the early stages.” JetBlue's B-rating reflects its operational weakness: nearly $9 billion in debt, with only $2 to $3 billion in equity and almost no free cash flow. Its assets mainly consist of planes, hangars, and loyalty programs, all of which are illiquid assets and are affected by fuel prices, labor costs, and consumer demand. In contrast, Strategy has 72 billion USD in Bitcoin, 8 billion USD in long-term convertible debt, and 7 billion USD in preferred stock. The company has significantly over-collateralized with globally tradable assets that settle in minutes and have no counterparty risk. This comparison is thought-provoking. JetBlue's balance sheet relies on metals that depreciate and consume oil, while Strategy's balance sheet is based on scarce digital capital that appreciates over time. “Credit rating agencies have not fully caught up, but when Bitcoin is recognized as the highest quality collateral in the world, it is clear that Strategy is not a speculative credit, but one of the safest companies on the planet.”