Buying MSTR is no different from buying a shitcoin. You’re hoping other people fomo in because old money sees it as a safe bet, and they you can grow fiat and exit out in time to buy more bitcoin. This is exactly how the shitcoiners think. Of course, some never hope to get more bitcoin but many do.
Do as you please but don’t kid yourself reasoning away.
Agree. However in the UK there’s no access to spot bitcoin for your pension pot. Most pensions here are also locked, so it’s basically not your money, and we just hope we might get to some of it at an arbitrary retirement age.
With a SIPP pension though you can make your own investments so MSTR could be a good option for some.
Thanks for additional info and context.
This is why I regard holding my bitcoin as a personal pension that I manage and basically invest everything in that rather than into fiat pensions. (Although one can’t really avoid building those up too - main benefit to them is as a tax break).
đź’Ż đź‘Ť agreed
IMO MSTR is like a Bitcoin index that is also a high beta stock to BTC price moves. Before the FTX fiasco, Silvergate Bank was another Bitcoin beta play.
Respect your opinion but totally disagree. We're here to learn and debate in free speech so here goes. MSTR is tapping into money that can't buy Bitcoin and destroying the legacy finance system from the inside unseen. Millions of people and companies around the world need safety he can provide a method to allow investment from pensions and insurance companies that are otherwise prevented from investing in Bitcoin. Nobody with a UK pension is allowed to buy BTC direct right now, but they can buy MSTR.....
Ok. I can’t be expected to know about every jurisdiction’s laws and I’m glad something exists for people who can’t buy bitcoin directly but can mstr. I was referring more to the fiat gamblers who do have the option.
I don't buy the "infinite money glitch" shit. There is a lot of risk involved that a lot of people seem to gloss over. It is a strategy and it probably will pay off. But I'm not fucking doing that if I can just build my own Bitcoin fund that I control. But then I do have that option. He's clearly serving some need in the market that I don't fully understand.
I'll be a lot more concerned if he starts trying to earn yield on the Bitcoin being held. God help the poor bastards if the past is an example of how that might turn out
Providing opportunities for btc exposure is good, but also proselytizing the benefits to corporations, providing training, public speaking, private orange pilling, inducing corporate fomo game theory.. The convertible notes are super popular and gaining visibility from pensions, insurance companies, hedge funds, as a low risk high return fixed income product.
MicroStrategy & Michael Saylor's success shines light both on the vast market of zombie corporations and the negative real yielding bond market, both propped up by money printing, and since anyone can copy him, there's no benefit to shut him down, as another will take his place.
The extreme reaction about to occur in every market already dwarfs GameStop and is just starting. MicroStrategy is positioned as the fuel injector of the rocket nozzle for the vertical part of the S-curve of Bitcoin adoption.
Exactly. It's hard to understand the amount of capital that stands at the top.
Capital never disappeared when it trickled up. It's just been standing there in this massive MASSIVE pool of unused inert gas. Saylor is just funneling this gas through a black hole that eventually leads to another better universe with different physics on the other side (Bitcoin universe).
Of course when gas compresses, it's noticeable. That spike is what we see today.
There's nothing speculative here. It's just a MASSIVE amount of gas coming in contact with a black hole. It's physics really.
BTC itself is mostly a speculative gamble. Though, I believe there is an adoption 'floor' that, given enough time, will eventually catch up and bail out any mistimed speculation (at least, for the foreseeable future) - which supports the strategy to ignore speculation and just stack sats regardless. I see MSTR as this BTC speculative gamble on steroids.
Eventually, BTC adoption will reach its potential (whatever that happens to be). The biggest question for me regarding MSTR is will there necessarily be enough time for the BTC adpotion floor to be able to bail out a mistimed speculation on steroids? i.e. a purchase of 100K BTC today could take years to recover from a very possible (if not on brand) BTC drop to 50K in the near future... a purchase of MSTR today could take 3x or 4x or even longer to recover (if ever).
what's happening with MSTR when Saylor dies?
Risk of MSTR, IBIT, GBTC managers being foolish or compromised is a huge red flag, compared to owning BTC directly. But don't discount the value of having an on-ramp for the vast majority of the savings of the average person -- locked into a closed-loop retirement system. I see a bigger potential risk in the first major price downturn after this run is over...might poison normies' attitude for a long time to come
I'm not up to speed on all the financial jargon, but the whole MSTR thing seems more like a hedge fund to me than a company offering stocks. Maybe he's creating a mix of things that will work out well. Time will tell.
