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Replying to Avatar niftynei() 🇺🇸💸🧡

slowly getting over whatever part of my ego that was convinced michael saylor was just an insane corporate larper

“that dude is too midcurve to be correct, right? isnt doing that share issuance/dilution thing going to get him rekt?? at what point exactly does his board dump his insane ass?”

no no, turns out he’s probably the “right” amount of long term thinking and all in conviction

which is legitimately insane behavior but dear god

correct me if im wrong but one thing that feels very rare thing about saylor, situationally, is that he’s a successful dude who maintained his ability to keep placing interesting bets

seems like other wealthy people stop exploring at some point? or get afraid of losing it all? or are so consumed with other stuff or get weighed down by boards etc that they lose either the ability to bet big or the foresight

bitcoin really has done an insane job living up to being the realm of the self-sovereign 🤔

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CitizenPleb 2y ago

It was out of necessity more than anything. By his own admission, Microstrategy was getting edged out of the market by large cap data-analytics companies and their free cash flow was getting inflated away.

They could only play the stock buy back game for so long or put it into shitty treasuries struggling to beat inflation.

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