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not necessarly, buyng mstr stock INSTEAD of bitcoin (in self custody and privacy) is retarded. Some people could have to maintain some fiat-denominated-credit exposure for various reason, for continue to keep a large business active fro example, or to not result a "total tax avoider".

So fiat credit denominated in bitcoin or microstrategy stocks could be better that fiat credit denominated in fiat money.

Still, I consider totally nonsense having more than a 10% of your stack in fiat. If your business require you to keep fiat and pay taxes, its time to kill your business and stack bitcoin.

Fiat Shenanigans 🤡🌎 1y ago

The existence of spot Bitcoin ETFs make that pointless. You can get legacy fiat financial system exposure to Bitcoin without the added downside risk. If Bitcoin drops substantially your ETF shares are down, but not as much as MSTR shares will be if Bitcoin drops too far below Saylor's Bitcoin cost basis.

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Discussion

🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹 1y ago

It's going up forever, Laura

Fiat Shenanigans 🤡🌎 1y ago

Said everyone who ever bought the top and had to endure a -50% or bigger drawdown. Yes, long term the trajectory has always been up, but when you use leverage the drawdowns will kill you.

🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹 1y ago

Well, like you said. They might be retarded 🤷🏼

ponymontana💜⚡ 1y ago

yeah, but mstr could add volatility up and down, and someone would bet on "the Saylor strategy" and the active value it can add. Its still fiat money, I'd keep in fiat only what I'm not afraid to loose, just in the cases mentioned earlier.