MSTR has to be the front for the US Gov.

The Feds shut shit down all the time whether it’s against the law or not - you don’t get to act in unapproved ways no matter who you are.

That he is doing this, at this scale, now, tells me there is State backing behind this. Whether MSTR is 6102ed or nationalised or god knows what; we’re not seeing the full picture and that is intentional.

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IIRC, Booth says something similar about Tether.

Haven’t heard that but yeah same principle at play.

You don’t become a Top 20 US bond buyer in the world as an unsanctioned offshore entity in the fiat system, without having the blessing of the State and friends in high places to enable things.

Exactly

Could be some kind of deal where the USgov gets to keep the 160k Bitfinex coins in exchange for giving tether a green light

Easy.

The #MSTR fall will be a spectacular bear market catalyst at which the FTX crash would seem like a blip

And yet, nothing stops this train

It would be awful for so many people ofc.. but that's the cost of trusting a third party when you don't need to.

Indeed. That's the logical way for current reserve currency holder to go. Can't buy directly since fed wouldn't finance it and it'd lead to fast collapse of dollar. Mstr is essentially feds proxy.

Perhaps, a “wiping out the national debt using bitcoin” scheme is involved.

That’s nonsense. Cap gains are what pays the bills. They aren’t going to shut it down. They’ll feed it.

Cap gains only apply on the sale and Saylor has said he’s not selling so how does that fit your theory?

People will pay cap gains when they sell MSTR.

Hey Cody, I noticed you had nothing to say about the cap gains paying the bills when there’s no cap gains. Were you just wrong?