Feel the same. Very little talk of self-sovereignty this cycle. The MSTR multiple bullshit by some of the most respected influencers has me rethinking their character for sure. They all wanted to get on Saylors yacht.
Discussion
"get on Saylors yacht" among other things of his they wanted to get on 😏
I was a big fan of corporate adoption when the narrative was, I have 500 million in reserves and we make 50 million a year. But once he started diluting the share holder because the stock traded at a multiple of its treasury, I knew he and anyone that repeated it was full of shit.😂
I'm fine with the strategy as long as it works, what concerns me is the lack of custody and essentially trusting the Coinbase OTC desk for those purchases.
either way, I've gone from happy shareholder to concerned. something ain't right