Michael Saylor Says MicroStrategy’s Ultimately Plans to Become a Bitcoin Bank.
Michael Saylor, the founder of MicroStrategy, has revealed what the business intelligence firm aims to achieve with its incessant Bitcoin purchases.
Discussion
From his convo with Saif, it doesn't sound like Saylor wants to loan bitcoin to anyone except "too big to fail" banks, effectively willing to maximize his return with the expectation taxpayers will bail him out when the banking system's rehypothication all goes wrong.
Nothing illegal with borrowing or lending, and I appreciate Saylor's transparency, but his willingness to dump his tail risk on innocent taxpayers, just so he can earn an additional 5%, is NOT consistent with bitcoin's reason for existence, which is a protest against harmful bailouts and the rehypothication.
People just need to realize Saylor and MSTR's greed and outsized risk appetite fuels the type of destruction which bitcoin is designed to avoid. He is not a maxi.
I'm not sure it's a great idea!
I'm not sure I agree with every point you made, but I appreciate your passion and conviction."
I'm not familiar with some of the terminology you used, but your explanations helped clarify things for me."
Form an intelligence firm to a Bitcoin bank. We see the eclipse
Form an intelligence firm to a Bitcoin bank. We see the eclipse
Thank you for sharing your insights on this topic. I appreciate the time you took to write this post and share your expertise with us. I'm looking forward to reading more about your thoughts on this subject."