This scare me as much as Tether, Coinbase and Binance. If any of these companies would collapse for whaever reason, it will impact all Bitcoiners negatively.
We should fight to use decentralized services, local companies with small to medium size, use local merchant accepting Bitcoin. An event like a 51% attack might not happen on the blockchain but from these big companies doing shit for their own benefits only.
As long as these companies hold their bitcoins safely & are not selling paper bitcoin like FTX shitcoin casino was, they are fine.
MicroStrategy is selling stocks (MSTR MSTX MSTY and dividends through STRF STRK) to raise capital to buy more Bitcoin. There are liquidation targets.
I would not bet against a company who is holding 500K bitcoins and doing everything they can to raise as much fiat melting cubes as possible in order to buy more Bitcoin. Saylor is not a cypherpunk, but he understands the value of Bitcoin, he's stacking harder than 99.9% of 'Bitcoiners' in here.
I would never bet against them. And yes they contribute to Bitcoin success for sure, but they could mess up big, decide to pull the plug, get hack, corrupted by gov or anything I cannot think of and boom, it's the avalanche.
If they get hacked or lose their coins for whatever reason, it won't affect us, only their shareholders.
