I suspect mstr and the future Strategic Bitcoin Reserve are going to become one. And that means less bitcoin for mstr holders

Reply to this note

Please Login to reply.

Discussion

How do you figure?

Buying 1 million btc is absurd. But all the ETFs added together is close. I would bet that instead of the SBR passing in Congress, we get tariffs and a law that forces exporters that receive payment in sats to go through a government controlled fund as an intermediary. I'm just thinking about the path of least resistance. The government isn't going to give up power. They'll make a law granting themselves the right to use the btc in the etfs to fund operations, and then print dollars to give to etf holders when they dip into it. A soft 6102, which effectively pegs the dollar to btc at a depreciating rate. Thats the only course I've been able to think of that doesn't implode the empire and the dollar at the same time - which I think buying 1 mil btc would do.

Fiat brained etf holders won't understand they've been robbed. They might even think they got richer.

Obviously there's a lot of speculation in that, but I think the first step is very likely to happen : tariffs. Then, if the SBR also doesn't pass, then the rest is practically set in stone.

Should have been more precise - mstr isn't an ETF. But basically same same.

Well put.