Saylor pumping Bitcoin with corporate balance sheets is a lot like what governments did after the 2008 financial crisis with real estate.

They stepped in, propped up prices, and killed the natural correction. The result? Housing never came back to earth—locking out a generation of new buyers.

Now the same dynamic is happening with Bitcoin. Unorganic demand from treasury companies that have access to trade-fi debt pushes the price higher than it would have been naturally.

New entrants—the very people Bitcoin was made for—look elsewhere: altcoins, stocks, yield scams. The organic adoption curve gets distorted because the gateway is priced out.

The irony? The fake demand designed to make Bitcoin “mainstream” may actually slow down grassroots adoption.

Self-custody and organic stacking is the only antidote.