In the near future, numerous penny stocks will likely purchase Bitcoin as a strategy to pump and dump their shares. This practice could inevitably harm retail investors, who might end up blaming Bitcoin itself. Acquiring the first 100 Bitcoins with $10 million doesn’t equate to building a legitimate Bitcoin treasury, instead it may be an attempt to exploit Bitcoin’s reputation for personal gain. I’m unsure what actions Bitcoiners should take or how much Bitcoin would prove their sincerity, but we’re facing the potential for serious damage here.
Discussion
They can blame Bitcoin, but they would be wrong. I see no issue.
Very interesting idea here that I hadn’t considered. As long as MSTR is sincere, retail can just look to that when their penny stock dumps. They can blame Bitcoin all they like, but it would also bring Bitcoin to more of their attention, which would be a net positive. I also am unsure of how much Bitcoin proves sincerity. Every person and business should just stay humble.
Agreed
encourage it.